Equities research analysts expect Advanced Drainage Systems Inc (NYSE:WMS) to post earnings of $0.37 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Advanced Drainage Systems’ earnings. Advanced Drainage Systems reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 32.1%. The firm is expected to announce its next earnings report on Thursday, February 14th.
On average, analysts expect that Advanced Drainage Systems will report full-year earnings of $1.30 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $1.37 per share, with EPS estimates ranging from $1.25 to $1.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Advanced Drainage Systems.
Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $406.56 million during the quarter, compared to analyst estimates of $417.03 million. Advanced Drainage Systems had a return on equity of 46.15% and a net margin of 6.20%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share.
In related news, major shareholder Berkshire Partners Holdings Ll acquired 1,500,000 shares of the stock in a transaction dated Tuesday, August 28th. The shares were purchased at an average cost of $30.08 per share, with a total value of $45,120,000.00. Following the transaction, the insider now directly owns 745,556 shares in the company, valued at $22,426,324.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.97% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Advanced Drainage Systems by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,493,825 shares of the construction company’s stock valued at $107,959,000 after purchasing an additional 206,839 shares during the period. BlackRock Inc. increased its stake in Advanced Drainage Systems by 30.4% in the 2nd quarter. BlackRock Inc. now owns 3,099,765 shares of the construction company’s stock worth $88,498,000 after acquiring an additional 723,150 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Advanced Drainage Systems by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,943,128 shares of the construction company’s stock worth $60,041,000 after acquiring an additional 219,049 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Advanced Drainage Systems by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,089,129 shares of the construction company’s stock worth $33,656,000 after acquiring an additional 79,569 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Advanced Drainage Systems by 19.0% in the 2nd quarter. Northern Trust Corp now owns 556,109 shares of the construction company’s stock worth $15,877,000 after acquiring an additional 88,616 shares during the last quarter. 76.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Advanced Drainage Systems stock traded up $0.18 during midday trading on Monday, reaching $26.21. 348,924 shares of the company’s stock traded hands, compared to its average volume of 268,065. The company has a market cap of $1.49 billion, a PE ratio of 32.36 and a beta of 1.02. The company has a quick ratio of 1.19, a current ratio of 2.31 and a debt-to-equity ratio of 1.54. Advanced Drainage Systems has a 12 month low of $21.70 and a 12 month high of $33.50.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. Advanced Drainage Systems’s payout ratio is currently 39.51%.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
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