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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Advanced Drainage Systems in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WMS shares.
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6 Wall Street analysts have issued 1-year target prices for Advanced Drainage Systems' shares. Their WMS share price forecasts range from $105.00 to $131.00. On average, they expect the company's stock price to reach $119.17 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Advanced Drainage Systems' stock was trading at $81.97 at the beginning of the year. Since then, WMS shares have increased by 27.3% and is now trading at $104.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our WMS earnings forecast.

Advanced Drainage Systems, Inc. (NYSE:WMS) released its quarterly earnings data on Thursday, May, 18th. The construction company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.38. The construction company earned $617.60 million during the quarter, compared to analysts' expectations of $567.10 million. Advanced Drainage Systems had a trailing twelve-month return on equity of 52.49% and a net margin of 16.51%. Advanced Drainage Systems's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS.

Advanced Drainage Systems declared a quarterly dividend on Thursday, May 18th. Investors of record on Thursday, June 1st will be paid a dividend of $0.14 per share on Thursday, June 15th. This represents a $0.56 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, May 31st. This is a positive change from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for WMS.

ETFs with the largest weight of Advanced Drainage Systems (NYSE:WMS) stock in their portfolio include Invesco Water Resources ETF (PHO), Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), SPDR S&P Homebuilders ETF (XHB), Ecofin Global Water ESG Fund (EBLU), iShares Environmental Infrastructure and Industrials ETF (EFRA), Invesco S&P Global Water Index ETF (CGW) and Engine No. 1 Transform Supply Chain ETF (SUPP).

Advanced Drainage Systems (NYSE:WMS) pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.57%. 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 9.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMS will have a dividend payout ratio of 9.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMS.

Advanced Drainage Systems updated its FY 2024 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.60 billion-$2.80 billion, compared to the consensus revenue estimate of $2.85 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 Raytheon Technologies (RTX).

Advanced Drainage Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMS."

Advanced Drainage Systems' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.21%), Impax Asset Management Group plc (4.36%), Baillie Gifford & Co. (3.16%), State Street Corp (2.53%), Thrivent Financial for Lutherans (1.93%) and William Blair Investment Management LLC (1.89%). 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, Mark Haney, Michael B Coleman, Michael G Huebert, Robert M Eversole, Robert M Klein, Ronald R Vitarelli, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WMS stock can currently be purchased for approximately $104.38.

Advanced Drainage Systems (NYSE:WMS) has a market capitalization of $8.24 billion and generates $3.07 billion in revenue each year. The construction company earns $507.09 million in net income (profit) each year or $6.07 on an earnings per share basis.

The company employs 5,870 workers across the globe.

Advanced Drainage Systems' mailing address is 4640 TRUEMAN BOULEVARD, HILLIARD OH, 43026. The official website for the company is www.ads-pipe.com. The construction company can be reached via phone at (800) 821-6710, via email at investorrelations@ads-pipe.com, or via fax at 614-658-0204.