News stories about Advanced Drainage Systems (NYSE:WMS) have trended somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Advanced Drainage Systems earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 8 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- Advanced Drainage Systems, Inc. (WMS) Downgraded by ValuEngine (americanbankingnews.com)
- Berkshire Partners Holdings Ll Purchases 3,446,293 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) Stock (americanbankingnews.com)
- BaySaver Technologies Introduces New Storm Water Filtration Unit (finance.yahoo.com)
- Advanced Drainage Systems, Inc. (NYSE:WMS) Trading Volume Significantly Lower (highlightpress.com)
Advanced Drainage Systems (NYSE:WMS) traded up 8.43% on Tuesday, reaching $22.50. 931,388 shares of the company’s stock traded hands. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 45.00 and a beta of 0.92. The firm has a 50-day moving average price of $20.23 and a 200-day moving average price of $21.78. Advanced Drainage Systems has a 52 week low of $18.40 and a 52 week high of $27.32.
Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $358.36 million during the quarter, compared to analysts’ expectations of $372.63 million. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. On average, analysts predict that Advanced Drainage Systems will post $1.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, August 30th. Advanced Drainage Systems’s dividend payout ratio is currently 60.87%.
WMS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price objective on shares of Advanced Drainage Systems in a report on Monday, April 24th. BidaskClub raised shares of Advanced Drainage Systems from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, ValuEngine lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.33.
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In other news, CEO Joseph A. Chlapaty acquired 30,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were purchased at an average price of $19.39 per share, for a total transaction of $581,700.00. Following the completion of the purchase, the chief executive officer now directly owns 227,786 shares of the company’s stock, valued at approximately $4,416,770.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Berkshire Partners Holdings Ll purchased 3,446,293 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $20.32 per share, for a total transaction of $70,028,673.76. The disclosure for this purchase can be found here. Insiders purchased 3,486,293 shares of company stock valued at $70,813,174 in the last three months. 21.43% of the stock is currently owned by company insiders.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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