Advanced Drainage Systems, Inc. (WMS) To Go Ex-Dividend on March 2nd

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.18 per share by the construction company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd.

Advanced Drainage Systems has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Advanced Drainage Systems has a payout ratio of 11.4% 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 $0.72 annual dividend with an expected future payout ratio of 10.8%.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $171.10 on Friday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72. Advanced Drainage Systems has a 1 year low of $93.92 and a 1 year high of $179.32. The firm has a 50 day moving average of $159.21 and a 200-day moving average of $149.14.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The business had revenue of $693.35 million for the quarter, compared to the consensus estimate of $686.37 million. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.