Advanced Drainage Systems, Inc. (WMS) to Issue Quarterly Dividend of $0.16 on December 16th

Advanced Drainage Systems, Inc. (NYSE:WMS) declared 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 of this dividend is Monday, December 2nd.

Advanced Drainage Systems has increased its dividend by an average of 14.5% per year 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 Price Performance

Advanced Drainage Systems stock opened at $135.29 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The stock has a market cap of $10.49 billion, a P/E ratio of 21.54, a PEG ratio of 1.21 and a beta of 1.53. The company has a 50-day moving average price of $147.54 and a 200 day moving average price of $156.60. Advanced Drainage Systems has a 12-month low of $119.26 and a 12-month high of $184.27.

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

Analyst Upgrades and Downgrades

WMS has been the topic of several recent analyst reports. 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. Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Robert W. Baird dropped their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, KeyCorp lowered their price objective on shares of 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

About Advanced Drainage Systems

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.