Advanced Drainage Systems (NYSE:WMS) Releases Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Advanced Drainage Systems (NYSE:WMS) posted its earnings results on Friday. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23), Briefing.com reports. The firm had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 EPS. Advanced Drainage Systems updated its FY 2025 guidance to EPS.

Advanced Drainage Systems Stock Performance

WMS traded down $22.84 during midday trading on Friday, hitting $136.16. 2,277,675 shares of the company were exchanged, compared to its average volume of 493,406. The company’s 50 day simple moving average is $151.62 and its 200 day simple moving average is $159.76. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. Advanced Drainage Systems has a 1-year low of $110.38 and a 1-year high of $184.27. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. Advanced Drainage Systems’s dividend payout ratio is presently 10.13%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMS. Oppenheimer reissued an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird cut their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Barclays dropped their target price on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.14.

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.