Equities analysts expect Advanced Drainage Systems Inc (NYSE:WMS) to post sales of $336.16 million for the current quarter, according to Zacks. Two analysts have issued estimates for Advanced Drainage Systems’ earnings, with the lowest sales estimate coming in at $335.99 million and the highest estimate coming in at $336.33 million. Advanced Drainage Systems reported sales of $320.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The company is expected to issue its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Advanced Drainage Systems will report full-year sales of $1.40 billion for the current year, with estimates ranging from $1.40 billion to $1.41 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.47 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Advanced Drainage Systems had a net margin of 5.43% and a return on equity of 47.60%. The business had revenue of $406.56 million for the quarter, compared to analysts’ expectations of $417.03 million. During the same quarter last year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, August 9th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Saturday, October 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 10th. Citigroup increased their price objective on shares of Advanced Drainage Systems from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 23rd. Finally, Barclays increased their price objective on shares of Advanced Drainage Systems from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.25.

In other Advanced Drainage Systems news, SVP Ewout Leeuwenburg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $31.42, for a total transaction of $942,600.00. Following the transaction, the senior vice president now owns 73,062 shares of the company’s stock, valued at approximately $2,295,608.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Berkshire Partners Holdings Ll bought 1,500,000 shares of the stock in a transaction on Tuesday, August 28th. The shares were bought at an average cost of $30.08 per share, for a total transaction of $45,120,000.00. Following the purchase, the insider now owns 745,556 shares in the company, valued at approximately $22,426,324.48. The disclosure for this purchase can be found here. 20.97% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in Advanced Drainage Systems by 27.7% during the 2nd quarter. Rhumbline Advisers now owns 41,427 shares of the construction company’s stock valued at $1,183,000 after buying an additional 8,979 shares during the period. Bank of New York Mellon Corp increased its stake in Advanced Drainage Systems by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 274,540 shares of the construction company’s stock valued at $7,838,000 after buying an additional 18,870 shares during the period. Valeo Financial Advisors LLC acquired a new position in Advanced Drainage Systems during the 2nd quarter valued at about $338,000. Schwab Charles Investment Management Inc. increased its stake in Advanced Drainage Systems by 14.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 219,551 shares of the construction company’s stock valued at $6,269,000 after buying an additional 27,976 shares during the period. Finally, Federated Investors Inc. PA increased its stake in Advanced Drainage Systems by 474.9% during the 2nd quarter. Federated Investors Inc. PA now owns 349,469 shares of the construction company’s stock valued at $9,977,000 after buying an additional 288,684 shares during the period. 76.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WMS stock traded up $0.11 during trading hours on Monday, reaching $27.85. The stock had a trading volume of 283,653 shares, compared to its average volume of 195,426. The company has a quick ratio of 1.10, a current ratio of 2.22 and a debt-to-equity ratio of 1.99. Advanced Drainage Systems has a twelve month low of $21.00 and a twelve month high of $33.50. The stock has a market cap of $1.65 billion, a PE ratio of 34.38 and a beta of 1.02.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.15%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 39.51%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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