The Boenning Scattergood Analysts Reduce Earnings Estimates for Advanced Drainage Systems Inc. (WMS)

The Boenning Scattergood Analysts Reduce Earnings Estimates for Advanced Drainage Systems Inc. (WMS)

Advanced Drainage Systems Inc. (NYSE:WMS) – Investment analysts at Boenning Scattergood reduced their Q2 2017 EPS estimates for shares of Advanced Drainage Systems in a research report issued to clients and investors on Friday. Boenning Scattergood analyst R. Connors now anticipates that the brokerage will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.32. Boenning Scattergood currently has a “Neutral” rating on the stock.

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

A number of other research firms also recently issued reports on WMS. Zacks Investment Research downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. TheStreet raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Thursday, October 6th. RBC Capital Markets reaffirmed an “outperform” rating and issued 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 lowered their price target on 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.75.

Shares of Advanced Drainage Systems (NYSE:WMS) traded down 1.96% on Monday, reaching $22.55. The company’s stock had a trading volume of 30,264 shares. Advanced Drainage Systems has a 1-year low of $17.72 and a 1-year high of $32.40. The stock has a market cap of $1.67 billion, a PE ratio of 83.52 and a beta of 0.85. The company’s 50 day moving average is $23.56 and its 200-day moving average is $24.68.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.06 per share. 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.

Several large investors have recently modified their holdings of WMS. Teacher Retirement System of Texas boosted its stake in shares of Advanced Drainage Systems by 32.2% in the second quarter. Teacher Retirement System of Texas now owns 5,636 shares of the company’s stock worth $154,000 after buying an additional 1,372 shares in the last quarter. Pitcairn Co. purchased a new stake in shares of Advanced Drainage Systems during the second quarter worth about $224,000. Springbok Capital Management LLC purchased a new stake in shares of Advanced Drainage Systems during the first quarter worth about $245,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advanced Drainage Systems during the second quarter worth about $287,000. Finally, BlackRock Inc. boosted its stake in shares of Advanced Drainage Systems by 11.3% in the first quarter. BlackRock Inc. now owns 14,542 shares of the company’s stock worth $309,000 after buying an additional 1,477 shares in the last quarter. Institutional investors own 70.37% of the company’s stock.

Advanced Drainage Systems Company Profile

Related posts

Leave a Comment