Advanced Drainage Systems (NYSE:WMS) Releases Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Advanced Drainage Systems (NYSE:WMS - Get Free Report) announced its earnings results on Thursday. The construction company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.28, Briefing.com reports. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The firm had revenue of $653.80 million for the quarter, compared to the consensus estimate of $611.99 million. During the same quarter in the previous year, the business earned $1.06 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. Advanced Drainage Systems updated its FY 2025 guidance to EPS.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS traded up $1.67 on Friday, reaching $174.11. 688,169 shares of the company traded hands, compared to its average volume of 463,285. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. The stock has a market capitalization of $13.51 billion, a PE ratio of 27.68, a P/E/G ratio of 1.55 and a beta of 1.51. The company's 50 day moving average is $166.07 and its 200-day moving average is $146.27. Advanced Drainage Systems has a fifty-two week low of $89.20 and a fifty-two week high of $184.27.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 0.37%. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.14. Advanced Drainage Systems's dividend payout ratio is currently 8.90%.

Wall Street Analyst Weigh In

WMS has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Advanced Drainage Systems from $189.00 to $202.00 and gave the company an "overweight" rating in a research note on Friday. KeyCorp boosted their price target on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday. Northcoast Research assumed coverage on shares of Advanced Drainage Systems in a report on Wednesday, May 8th. They issued a "buy" rating and a $190.00 price objective for the company. Robert W. Baird boosted their target price on Advanced Drainage Systems from $192.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Oppenheimer upped their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.00.

Insider Buying and Selling

In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the sale, the director now owns 70,749 shares in the company, valued at approximately $11,532,087. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Michael G. Huebert sold 10,000 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the sale, the executive vice president now owns 13,450 shares of the company's stock, valued at $2,199,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ross M. Jones sold 762,895 shares of Advanced Drainage Systems stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now owns 70,749 shares in the company, valued at approximately $11,532,087. The disclosure for this sale can be found here. Insiders own 3.79% of the company's stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.