Advanced Drainage Systems Inc. (NYSE:WMS) – Equities research analysts at Boenning Scattergood lowered their Q2 2017 EPS estimates for Advanced Drainage Systems in a report released on Friday. Boenning Scattergood analyst R. Connors now anticipates that the brokerage will earn $0.28 per share for the quarter, down from their previous forecast of $0.32. Boenning Scattergood has a “Neutral” rating on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. TheStreet raised shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Thursday, October 6th. RBC Capital Markets reissued an “outperform” rating and set a $26.00 target price (down previously from $29.00) on shares of Advanced Drainage Systems in a research report on Saturday. Finally, Royal Bank Of Canada cut their target price on shares of Advanced Drainage Systems from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and an average target price of $27.75.

Earnings History and Estimates for Advanced Drainage Systems (NYSE:WMS)

Shares of Advanced Drainage Systems (NYSE:WMS) traded down 1.96% during trading on Monday, hitting $22.55. 30,264 shares of the company traded hands. Advanced Drainage Systems has a 52 week low of $17.72 and a 52 week high of $32.40. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 83.52 and a beta of 0.85. The company has a 50 day moving average price of $23.56 and a 200 day moving average price of $24.68.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, October 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. Advanced Drainage Systems had a net margin of 2.63% and a return on equity of 156.42%. The company had revenue of $358 million for the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC increased its position in shares of Advanced Drainage Systems by 0.5% in the second quarter. Manchester Capital Management LLC now owns 19,050 shares of the company’s stock worth $521,000 after buying an additional 100 shares during the last quarter. American International Group Inc. increased its position in shares of Advanced Drainage Systems by 1.2% in the second quarter. American International Group Inc. now owns 19,994 shares of the company’s stock worth $547,000 after buying an additional 238 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Advanced Drainage Systems by 5.5% in the second quarter. BlackRock Advisors LLC now owns 16,549 shares of the company’s stock worth $453,000 after buying an additional 858 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Advanced Drainage Systems by 4.7% in the second quarter. Nationwide Fund Advisors now owns 22,644 shares of the company’s stock worth $620,000 after buying an additional 1,007 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Advanced Drainage Systems by 9.4% in the second quarter. BlackRock Inc. now owns 15,906 shares of the company’s stock worth $435,000 after buying an additional 1,364 shares during the last quarter. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, August 30th.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products.

5 Day Chart for NYSE:WMS

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