Advanced Drainage Systems - WMS Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advanced Drainage Systems in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WMS shares.
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5 brokerages have issued 12-month price targets for Advanced Drainage Systems' shares. Their WMS share price forecasts range from $110.00 to $127.00. On average, they expect the company's share price to reach $119.60 in the next year. This suggests a possible upside of 50.0% from the stock's current price.
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Advanced Drainage Systems' stock was trading at $81.97 at the start of the year. Since then, WMS shares have decreased by 2.7% and is now trading at $79.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
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Advanced Drainage Systems, Inc. (NYSE:WMS) released its quarterly earnings data on Thursday, February, 2nd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.05. The construction company earned $655.20 million during the quarter, compared to analyst estimates of $713.57 million. Advanced Drainage Systems had a net margin of 14.93% and a trailing twelve-month return on equity of 50.65%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS.

Advanced Drainage Systems announced a quarterly dividend on Thursday, February 2nd. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.12 per share on Wednesday, March 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, February 28th.
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), Invesco S&P Global Water Index ETF (CGW), Invesco Water Resources ETF (PHO), Ecofin Global Water ESG Fund (EBLU), iShares Environmental Infrastructure and Industrials ETF (EFRA), SPDR S&P Homebuilders ETF (XHB), First Trust Water ETF (FIW) and Janus Henderson US Sustainable Equity ETF (SSPX).

Advanced Drainage Systems (NYSE:WMS) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.60%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMS will have a dividend payout ratio of 8.60% 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 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.98 billion-$3.05 billion, compared to the consensus revenue estimate of $3.15 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 variety of retail and institutional investors. Top institutional shareholders include Impax Asset Management Group plc (3.45%), Boston Partners (2.17%), American Century Companies Inc. (1.97%), William Blair Investment Management LLC (1.49%), Robeco Schweiz AG (1.40%) and Morgan Stanley (1.38%). 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, Ewout Leeuwenburg, 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 $79.72.

Advanced Drainage Systems (NYSE:WMS) has a market capitalization of $6.48 billion and generates $2.77 billion in revenue each year. The construction company earns $271.33 million in net income (profit) each year or $5.55 on an earnings per share basis.

The company employs 5,635 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.