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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advanced Drainage Systems in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WMS shares.
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8 equities research analysts have issued 12 month price targets for Advanced Drainage Systems' stock. Their WMS share price forecasts range from $120.00 to $162.00. On average, they predict the company's share price to reach $147.00 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
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Advanced Drainage Systems' stock was trading at $81.97 on January 1st, 2023. Since then, WMS shares have increased by 38.7% and is now trading at $113.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Advanced Drainage Systems, Inc. (NYSE:WMS) released its quarterly earnings data on Thursday, August, 3rd. The construction company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.51. The construction company had revenue of $778 million for the quarter, compared to the consensus estimate of $746.08 million. Advanced Drainage Systems had a net margin of 16.82% and a trailing twelve-month return on equity of 50.53%. The company's quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.22 EPS.

Advanced Drainage Systems announced a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 1st will be paid a dividend of $0.14 per share on Friday, September 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for WMS.

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

Advanced Drainage Systems (NYSE:WMS) pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.49%. 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 9.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMS will have a dividend payout ratio of 8.82% 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 issued an update on its FY 2024 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (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 $2.74 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMS."

Advanced Drainage Systems' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (171.76%), BlackRock Inc. (8.04%), Baillie Gifford & Co. (4.56%), Impax Asset Management Group plc (4.41%), Capital International Investors (2.94%) and State Street Corp (2.58%). 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, 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 $113.69.

Advanced Drainage Systems (NYSE:WMS) has a market capitalization of $8.95 billion and generates $3.07 billion in revenue each year. The construction company earns $507.09 million in net income (profit) each year or $6.03 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.