Advanced Drainage Systems (WMS) Set to Announce Earnings on Thursday

Advanced Drainage Systems (NYSE:WMS) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 20th. Analysts expect Advanced Drainage Systems to post earnings of $0.38 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Shares of NYSE WMS opened at $112.56 on Tuesday. Advanced Drainage Systems has a twelve month low of $39.87 and a twelve month high of $117.89. The stock’s 50 day moving average price is $111.37 and its 200-day moving average price is $92.90. The company has a market capitalization of $7.98 billion, a PE ratio of 92.26, a PEG ratio of 0.57 and a beta of 1.43. The company has a quick ratio of 1.89, a current ratio of 2.82 and a debt-to-equity ratio of 1.81.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Thursday, April 15th. Barclays lifted their price target on shares of Advanced Drainage Systems from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Tuesday, April 27th. Morgan Stanley lifted their price target on shares of Advanced Drainage Systems from $102.00 to $112.00 and gave the stock an “equal weight” rating in a report on Monday, April 19th. Finally, Loop Capital lifted their price target on shares of Advanced Drainage Systems from $88.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Advanced Drainage Systems currently has an average rating of “Buy” and a consensus price target of $107.20.

In other news, Director Ross M. Jones sold 1,495,996 shares of the company’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $103.61, for a total value of $155,000,145.56. Following the transaction, the director now owns 10,507 shares of the company’s stock, valued at $1,088,630.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Berkshire Partners Holdings Ll sold 40,655 shares of the company’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $103.61, for a total transaction of $4,212,264.55. The disclosure for this sale can be found here. Insiders own 20.74% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, 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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Earnings History for Advanced Drainage Systems (NYSE:WMS)

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