Advanced Drainage Systems, Inc. (NYSE:WMS) is reporting second quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, WMS is expected to report 2Q21 income of $ 1.05 per share from revenue of $ 533.94 million.
For the full year, analysts anticipate top line of $ 1815.21 million, while looking forward to income of $ 2.70 per share bottom line.
Previous Quarter Performance
Advanced Drainage Systems, Inc. came out with income for the first quarter of $ 0.83 per share, from the revenue of $ 508.64 million. According to street consensus, WMS was expected to report 1Q21 income of $ 0.68 per share from revenue of $ 494.94 million. The bottom line results beat street analysts by $ 0.15 or 22.06 percent, at the same time, top line results outshined analysts by $ 13.70 million or 2.77 percent.
Stock Performance
Shares of Advanced Drainage Systems, Inc. traded low $ -0.51 or -0.73 percent on Wednesday, reaching $ 69.25 with volume of 436.50 thousand shares. Advanced Drainage Systems, Inc. has traded high as $ 69.34 and has cracked $ 67.62 on the downward trend
The closing price of $ 69.25, representing a 215.23 % increase from the 52 week low of $ 22.13 and a 3.79 % decrease over the 52 week high of $ 72.51.
The company has a market capital of $ 4.82 billion and is part of the Consumer Goods sector and Rubber & Plastics industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by Morgan Stanley at Underweight rating, with $ 49.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.09 per share on August 6, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Advanced Drainage Systems, Inc. will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ads-pipe.com
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
