Media stories about Advanced Drainage Systems (NYSE:WMS) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Advanced Drainage Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.4179897601096 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target for the company. Barclays assumed coverage on shares of Advanced Drainage Systems in a research report on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 price target for the company. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Robert W. Baird reiterated a “buy” rating and set a $25.00 price target on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.60.
Shares of Advanced Drainage Systems (WMS) opened at $24.65 on Tuesday. Advanced Drainage Systems has a 1 year low of $17.90 and a 1 year high of $26.30. The company has a market cap of $1,380.00, a P/E ratio of 58.69 and a beta of 1.03. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.32 and a current ratio of 2.26.
Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The firm had revenue of $401.00 million for the quarter, compared to the consensus estimate of $376.45 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. research analysts expect that Advanced Drainage Systems will post 0.53 earnings per share for the current year.
In related news, COO Ronald R. Vitarelli sold 5,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Thomas M. Fussner sold 18,325 shares of Advanced Drainage Systems stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total transaction of $433,752.75. Following the transaction, the chief operating officer now directly owns 549,519 shares in the company, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. 21.43% of the stock is owned by company insiders.
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About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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