Advanced Drainage Systems, Inc. (WMS) To Go Ex-Dividend on September 1st

Advanced Drainage Systems, Inc. (NYSE:WMS) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be given a dividend of 0.20 per share by the construction company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st.

Advanced Drainage Systems has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Advanced Drainage Systems has a dividend payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Drainage Systems to earn $7.46 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.7%.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $137.11 on Friday. The stock has a 50-day moving average price of $145.99 and a 200 day moving average price of $146.47. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.50 and a beta of 1.27. Advanced Drainage Systems has a 12 month low of $128.03 and a 12 month high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.39. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The company’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 EPS. Research analysts expect that Advanced Drainage Systems will post 6.62 EPS for the current year.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.