Advanced Drainage Systems (NYSE:WMS) is scheduled to be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect Advanced Drainage Systems to post earnings of $0.61 per share for the quarter.
Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, May 23rd. The construction company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $272.22 million during the quarter, compared to analyst estimates of $274.41 million. Advanced Drainage Systems had a net margin of 5.39% and a return on equity of 37.25%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, analysts expect Advanced Drainage Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Advanced Drainage Systems stock traded up $0.18 during trading on Tuesday, hitting $33.10. 472 shares of the stock were exchanged, compared to its average volume of 212,044. The company has a fifty day moving average of $32.33. The stock has a market cap of $1.94 billion, a PE ratio of 26.96 and a beta of 0.95. The company has a current ratio of 2.26, a quick ratio of 0.98 and a debt-to-equity ratio of 1.24. Advanced Drainage Systems has a 12 month low of $23.04 and a 12 month high of $33.81.
A number of equities analysts recently issued reports on WMS shares. Zacks Investment Research upgraded shares of ZovioInc . from a “sell” rating to a “hold” rating in a research report on Sunday, July 14th. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Advanced Drainage Systems presently has an average rating of “Buy” and a consensus target price of $31.25.
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.
Read More: Stop Order Uses For Individual Investors
Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.