Advanced Drainage Systems, Inc. (NYSE:WMS) Plans Quarterly Dividend of $0.16

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Friday, February 28th will be paid 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 0.54%.

Advanced Drainage Systems has increased its dividend payment by an average of 13.9% per year over the last three years. Advanced Drainage Systems has a payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $6.70 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 Price Performance

Shares of NYSE:WMS opened at $117.46 on Friday. Advanced Drainage Systems has a 12 month low of $110.75 and a 12 month high of $184.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The business’s 50 day simple moving average is $121.63 and its 200-day simple moving average is $140.70. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. As a group, equities analysts forecast that Advanced Drainage Systems will post 6.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMS. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. Stephens restated an “equal weight” rating and set a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. KeyCorp lowered their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, Barclays lowered their target price on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.88.

Advanced Drainage Systems Company Profile

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.