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

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Thursday, February 6th, RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, February 28th.

Advanced Drainage Systems has increased its dividend payment by an average of 13.9% annually over the last three years. Advanced Drainage Systems has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advanced Drainage Systems to earn $6.68 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 Stock Up 1.8 %

Shares of NYSE WMS opened at $116.09 on Wednesday. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average of $119.70 and a 200-day moving average of $136.60. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.13 and a beta of 1.52. 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 results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMS has been the topic of a number of research analyst reports. Loop Capital lowered their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Wednesday, January 8th. KeyCorp dropped their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Robert W. Baird reduced their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, Stephens reissued an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.