Advanced Drainage Systems (NYSE:WMS) Earning Somewhat Favorable Media Coverage, Study Shows

Media stories about Advanced Drainage Systems (NYSE:WMS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Drainage Systems earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.9169163236278 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

A number of equities analysts recently weighed in on WMS shares. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird increased their target price on shares of Advanced Drainage Systems from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Citigroup started coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price on the stock. Finally, Barclays started coverage on shares of Advanced Drainage Systems in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.40.

Shares of Advanced Drainage Systems (NYSE:WMS) traded up $1.50 during trading hours on Monday, hitting $26.50. 774,903 shares of the stock traded hands, compared to its average volume of 247,428. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a 1-year low of $17.90 and a 1-year high of $27.08. The stock has a market capitalization of $1,406.54, a P/E ratio of 35.81 and a beta of 1.00.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 56.36%. The firm had revenue of $320.83 million during the quarter, compared to analysts’ expectations of $320.41 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. sell-side analysts forecast that Advanced Drainage Systems will post 0.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, February 28th. Advanced Drainage Systems’s payout ratio is currently 37.84%.

In other news, COO Thomas M. Fussner sold 18,325 shares of the business’s 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 transaction, the chief operating officer now owns 549,519 shares of the company’s stock, valued at $13,007,114.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the completion of the transaction, the chief operating officer now directly 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. Insiders own 21.43% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Advanced Drainage Systems (NYSE:WMS)

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