Advanced Drainage Systems Inc. (NYSE:WMS) – Stock analysts at Boenning Scattergood lowered their Q1 2017 earnings estimates for Advanced Drainage Systems in a research report issued on Friday. Boenning Scattergood analyst R. Connors now forecasts that the firm will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.27. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Advanced Drainage Systems’ Q2 2017 earnings at $0.32 EPS, Q3 2017 earnings at $0.22 EPS, Q4 2017 earnings at $0.14 EPS and FY2017 earnings at $0.90 EPS.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $25.00 target price (up from $24.00) on shares of Advanced Drainage Systems in a research report on Wednesday, June 8th. Finally, Royal Bank Of Canada increased their target price on Advanced Drainage Systems from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.33.

Advanced Drainage Systems (NYSE:WMS) opened at 23.61 on Monday. The firm has a market cap of $1.74 billion, a P/E ratio of 87.44 and a beta of 0.86. Advanced Drainage Systems has a 1-year low of $17.72 and a 1-year high of $32.50. The stock’s 50 day moving average price is $24.54 and its 200 day moving average price is $24.43.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in 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 valued at $154,000 after buying an additional 1,372 shares during the last quarter. Pitcairn Co. acquired a new position in Advanced Drainage Systems during the second quarter valued at about $224,000. Legal & General Group Plc boosted its position in Advanced Drainage Systems by 0.3% in the first quarter. Legal & General Group Plc now owns 9,099 shares of the company’s stock valued at $187,000 after buying an additional 23 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Advanced Drainage Systems during the second quarter valued at about $287,000. Finally, Springbok Capital Management LLC acquired a new position in Advanced Drainage Systems during the first quarter valued at about $245,000. 71.19% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.03%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products.

5 Day Chart for NYSE:WMS

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