Advanced Drainage Systems (WMS) to Release Earnings on Thursday

Advanced Drainage Systems (NYSE:WMS - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, May 16th. Analysts expect Advanced Drainage Systems to post earnings of $0.93 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.44. The business had revenue of $662.37 million for the quarter, compared to analysts' expectations of $632.69 million. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The company's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. On average, analysts expect Advanced Drainage Systems to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock traded up $4.15 during trading hours on Thursday, hitting $172.35. 326,199 shares of the company traded hands, compared to its average volume of 453,610. The firm's 50-day simple moving average is $164.71 and its two-hundred day simple moving average is $143.28. The firm has a market cap of $13.38 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.49 and a beta of 1.51. Advanced Drainage Systems has a 1-year low of $84.71 and a 1-year high of $176.31. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18.

Insiders Place Their Bets

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 13,450 shares of the company's stock, valued at approximately $2,199,344. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Ross M. Jones sold 762,895 shares of the firm's 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 directly owns 70,749 shares in the company, valued at approximately $11,532,087. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael G. Huebert sold 10,000 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the transaction, the executive vice president now directly owns 13,450 shares of the company's stock, valued at approximately $2,199,344. The disclosure for this sale can be found here. Corporate insiders own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KeyCorp increased their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Northcoast Research began coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They issued a "buy" rating and a $190.00 price objective on the stock. Stephens increased their target price on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. StockNews.com raised Advanced Drainage Systems from a "hold" rating to a "buy" rating in a report on Wednesday, May 1st. Finally, Oppenheimer raised their price objective on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $162.56.

About Advanced Drainage Systems

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.