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

Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) declared a quarterly dividend on Thursday, February 6th, RTT News reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.16 per share by the construction company on Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, February 28th.

Advanced Drainage Systems has raised its dividend payment by an average of 13.9% per year over the last three years. Advanced Drainage Systems has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Drainage Systems to earn $6.68 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 9.6%.

Advanced Drainage Systems Stock Up 1.8 %

NYSE WMS opened at $116.09 on Wednesday. Advanced Drainage Systems has a 1 year low of $110.75 and a 1 year high of $184.27. The stock has a market capitalization of $9.01 billion, a PE ratio of 19.41, a PEG ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The business’s 50-day moving average is $119.70 and its 200 day moving average is $136.60.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts forecast that Advanced Drainage Systems will post 6.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on WMS. Stephens reissued an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Barclays cut their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, KeyCorp decreased their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

Check Out Our Latest Report on WMS

About Advanced Drainage Systems

(Get Free Report)

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.

Further Reading

Dividend History for Advanced Drainage Systems (NYSE:WMS)

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