Press coverage about Advanced Drainage Systems (NYSE:WMS) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Advanced Drainage Systems earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.7932108132315 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have recently issued reports on WMS shares. Barclays started coverage on shares of Advanced Drainage Systems in a research note on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 price objective for the company. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Citigroup assumed coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price objective on the stock. Finally, TheStreet lowered shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Advanced Drainage Systems presently has a consensus rating of “Hold” and an average price target of $24.60.
Advanced Drainage Systems (NYSE WMS) traded up $0.10 on Friday, reaching $24.65. 223,881 shares of the company traded hands, compared to its average volume of 211,453. Advanced Drainage Systems has a 52-week low of $17.90 and a 52-week high of $26.30. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 4.47. The firm has a market capitalization of $1,373.12, a price-to-earnings ratio of 66.62 and a beta of 1.04.
Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $401.00 million during the quarter, compared to the consensus estimate of $376.45 million. Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. Advanced Drainage Systems’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. equities analysts anticipate that Advanced Drainage Systems will post 0.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, November 30th. Advanced Drainage Systems’s dividend payout ratio is presently 75.68%.
In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total value of $433,752.75. Following the completion of the sale, the chief operating officer now owns 549,519 shares in the company, valued at approximately $13,007,114.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total transaction of $115,200.00. Following the completion of the sale, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. 21.43% of the stock is owned by corporate insiders.
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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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