Advanced Drainage Systems, Inc. (NYSE:WMS) Declares Quarterly Dividend of $0.20

by · The Cerbat Gem

Advanced Drainage Systems, Inc. (NYSE:WMS – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 1st will be paid a dividend of 0.20 per share by the construction company on Monday, June 15th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, June 1st. This is a 11.1% increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18.

Advanced Drainage Systems has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Advanced Drainage Systems has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $6.86 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 10.5%.

Advanced Drainage Systems Stock Down 1.1%

NYSE WMS traded down $1.53 during trading on Thursday, hitting $135.30. The company’s stock had a trading volume of 2,131,068 shares, compared to its average volume of 843,264. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. The company has a market cap of $10.54 billion, a PE ratio of 22.51, a P/E/G ratio of 1.38 and a beta of 1.33. The business’s 50 day simple moving average is $142.80 and its 200-day simple moving average is $150.22. Advanced Drainage Systems has a fifty-two week low of $105.14 and a fifty-two week high of $179.32.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. The business had revenue of $676.76 million during the quarter, compared to the consensus estimate of $651.92 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. On average, equities analysts anticipate that Advanced Drainage Systems will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMS has been the subject of several recent analyst reports. UBS Group set a $215.00 price target on Advanced Drainage Systems and gave the stock a “buy” rating in a report on Friday, February 6th. Barclays reduced their price objective on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada raised their price objective on Advanced Drainage Systems from $176.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a research note on Friday, February 6th. Finally, KeyCorp raised their price objective on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.83.

Read Our Latest Report on WMS

Advanced Drainage Systems Company Profile

(Get Free Report)

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.

Featured Articles