Advanced Drainage Systems (WMS) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advanced Drainage Systems in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WMS shares.
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7 brokers have issued twelve-month target prices for Advanced Drainage Systems' shares. Their WMS share price targets range from $120.00 to $185.00. On average, they predict the company's share price to reach $155.13 in the next year. This suggests that the stock has a possible downside of 2.1%.
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Advanced Drainage Systems' stock was trading at $140.64 at the beginning of 2024. Since then, WMS shares have increased by 12.7% and is now trading at $158.51.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
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Advanced Drainage Systems will be holding an earnings conference call on Thursday, May 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Advanced Drainage Systems, Inc. (NYSE:WMS) released its earnings results on Thursday, February, 8th. The construction company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.44. The construction company had revenue of $662.37 million for the quarter, compared to analysts' expectations of $632.69 million. Advanced Drainage Systems had a trailing twelve-month return on equity of 49.79% and a net margin of 17.65%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS.

Advanced Drainage Systems announced a quarterly dividend on Thursday, February 8th. Investors of record on Friday, March 1st will be given a dividend of $0.14 per share on Friday, March 15th. This represents a $0.56 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for WMS.

Advanced Drainage Systems (NYSE:WMS) pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.35%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMS will have a dividend payout ratio of 8.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMS.

ETFs with the largest weight of Advanced Drainage Systems (NYSE:WMS) stock in their portfolio include Invesco S&P Global Water Index ETF (CGW), First Trust Water ETF (FIW), Global X Clean Water ETF (AQWA), iShares Environmental Infrastructure and Industrials ETF (EFRA), Invesco Water Resources ETF (PHO), Ecofin Global Water ESG Fund (EBLU), TCW Transform Supply Chain ETF (SUPP) and SPDR S&P Homebuilders ETF (XHB).

Advanced Drainage Systems issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.8 billion.

39 employees have rated Advanced Drainage Systems Chief Executive Officer Joe Chlapaty on Glassdoor.com. Joe Chlapaty has an approval rating of 54% among the company's employees. This puts Joe Chlapaty in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 53.0% of employees surveyed would recommend working at Advanced Drainage Systems to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Advanced Drainage Systems investors own include Pfizer (PFE), Advanced Micro Devices (AMD), Etsy (ETSY), Intel (INTC), NVIDIA (NVDA), Activision Blizzard (ATVI), Marvell Technology (MRVL), Phillips 66 (PSX), QUALCOMM (QCOM) and RTX (RTX).

Advanced Drainage Systems' stock is owned by a number of retail and institutional investors. Top institutional investors include Perpetual Ltd (0.07%), FCF Advisors LLC (0.01%), Los Angeles Capital Management LLC (0.01%), First Hawaiian Bank (0.01%), New England Research & Management Inc. (0.00%) and Banque Cantonale Vaudoise (0.00%). Insiders that own company stock include Alexander R Fischer, Anil Seetharam, Berkshire Partners Holdings Ll, Brian W King, Darin S Harvey, De La Mesa Manuel J Perez, Kevin C Talley, Michael B Coleman, Michael G Huebert, Robert M Eversole, Robert M Klein, Ross M Jones and Tim A Makowski.
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Shares of WMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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