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

Advanced Drainage Systems, Inc. (NYSE:WMS) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.20 per share by the construction company on Tuesday, December 15th. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, December 1st.

Advanced Drainage Systems has raised its dividend by an average of 0.1% annually 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 12.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $7.42 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.8%.

Advanced Drainage Systems Price Performance

WMS stock opened at $123.30 on Friday. The company has a market capitalization of $9.30 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 2.12. Advanced Drainage Systems has a 52-week low of $120.14 and a 52-week high of $179.32. The business has a 50-day simple moving average of $130.34 and a two-hundred day simple moving average of $143.25.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, November 5th. The construction company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.81 by $0.07. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%. The firm had revenue of $889.41 million during the quarter, compared to the consensus estimate of $921.79 million. During the same period in the prior year, the business posted $1.97 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that Advanced Drainage Systems will post 6.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WMS shares. UBS Group increased their price target on Advanced Drainage Systems from $205.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Robert W. Baird set a $206.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 7th. National Bank Financial set a $190.00 target price on shares of Advanced Drainage Systems in a report on Monday, August 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Thursday, October 15th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.40.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.