Advanced Drainage Systems, Inc. (WMS) To Go Ex-Dividend on February 28th

Advanced Drainage Systems, Inc. (NYSE:WMS) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders 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 0.53%. The ex-dividend date is Friday, February 28th.

Advanced Drainage Systems has increased its dividend by an average of 13.9% per year over the last three years. Advanced Drainage Systems has a dividend payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $6.70 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 Trading Up 2.3 %

Shares of Advanced Drainage Systems stock opened at $120.41 on Friday. The stock has a market cap of $9.33 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The company has a current ratio of 3.21, a quick ratio of 2.15 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $121.34 and a two-hundred day moving average of $140.35. Advanced Drainage Systems has a 12-month low of $110.75 and a 12-month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS 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%. On average, research analysts anticipate that Advanced Drainage Systems will post 6.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research analyst reports. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday. Barclays dropped their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Wednesday, January 8th. Oppenheimer cut their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, Robert W. Baird decreased their target price on 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.25.

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.