Advanced Drainage Systems, Inc. Declares Quarterly Dividend of $0.18 (NYSE:WMS)

Advanced Drainage Systems, Inc. (NYSE:WMS) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 1st will be given a dividend of 0.18 per share by the construction company on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st.

Advanced Drainage Systems has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Advanced Drainage Systems has a dividend payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:WMS opened at $146.93 on Friday. Advanced Drainage Systems has a one year low of $93.92 and a one year high of $163.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.88 and a beta of 1.33. The firm has a 50 day simple moving average of $141.25 and a 200 day simple moving average of $126.91.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The firm had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Research analysts predict that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

About Advanced Drainage Systems

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.