Advanced Drainage Systems (NYSE:WMS) Issues Quarterly Earnings Results

Advanced Drainage Systems (NYSE:WMS) released its quarterly earnings data on Thursday. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27, Zacks reports. The business had revenue of $850.38 million during the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. Advanced Drainage Systems updated its FY 2026 guidance to EPS.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $146.93 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The stock has a market capitalization of $11.42 billion, a PE ratio of 26.52, a P/E/G ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems has a fifty-two week low of $93.92 and a fifty-two week high of $163.92. The company has a fifty day moving average of $141.25 and a two-hundred day moving average of $126.91.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 13.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMS. UBS Group reaffirmed a “buy” rating and set a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. KeyCorp boosted their target price on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Barclays increased their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WMS. Squarepoint Ops LLC raised its holdings in shares of Advanced Drainage Systems by 1,209.7% during the second quarter. Squarepoint Ops LLC now owns 260,607 shares of the construction company’s stock valued at $29,933,000 after acquiring an additional 240,709 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Advanced Drainage Systems by 327.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 235,000 shares of the construction company’s stock valued at $26,992,000 after purchasing an additional 180,000 shares during the last quarter. Sei Investments Co. raised its stake in Advanced Drainage Systems by 363.7% in the 2nd quarter. Sei Investments Co. now owns 187,270 shares of the construction company’s stock valued at $21,509,000 after purchasing an additional 146,884 shares during the last quarter. Bank of America Corp DE lifted its holdings in Advanced Drainage Systems by 27.1% in the 2nd quarter. Bank of America Corp DE now owns 555,841 shares of the construction company’s stock valued at $63,844,000 after purchasing an additional 118,586 shares in the last quarter. Finally, Man Group plc boosted its stake in Advanced Drainage Systems by 114.4% during the 2nd quarter. Man Group plc now owns 155,934 shares of the construction company’s stock worth $17,911,000 after purchasing an additional 83,220 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.