Advanced Drainage Systems, Inc. (NYSE:WMS) Plans Quarterly Dividend of $0.16

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Friday, November 8th,RTT News reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.16 per share by the construction company on Monday, December 16th. This represents a $0.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, December 2nd.

Advanced Drainage Systems has raised its dividend by an average of 14.5% annually over the last three years. Advanced Drainage Systems has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Drainage Systems to earn $7.20 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 8.9%.

Advanced Drainage Systems Trading Up 1.5 %

Shares of Advanced Drainage Systems stock opened at $135.29 on Friday. The business has a 50 day moving average price of $147.54 and a 200 day moving average price of $156.60. The company has a market capitalization of $10.49 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.21 and a beta of 1.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. Advanced Drainage Systems has a 1 year low of $119.26 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. During the same quarter in the prior year, the company earned $1.71 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Drainage Systems will post 6.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMS has been the topic of a number of analyst reports. Oppenheimer decreased their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Stephens restated an “equal weight” rating and set a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Loop Capital dropped their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Barclays decreased their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird dropped their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average target price of $170.29.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.