Advanced Drainage Systems - WMS Stock Forecast, Price & News

6 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WMS shares.
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6 Wall Street analysts have issued 12-month price targets for Advanced Drainage Systems' stock. Their WMS share price forecasts range from $120.00 to $182.00. On average, they expect the company's share price to reach $152.00 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price.
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Advanced Drainage Systems' stock was trading at $136.13 on January 1st, 2022. Since then, WMS stock has decreased by 10.2% and is now trading at $122.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Advanced Drainage Systems, Inc. (NYSE:WMS) posted its quarterly earnings results on Thursday, August, 4th. The construction company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.00 by $1.22. The construction company earned $914.20 million during the quarter, compared to the consensus estimate of $849.39 million. Advanced Drainage Systems had a trailing twelve-month return on equity of 47.99% and a net margin of 12.65%. Advanced Drainage Systems's quarterly revenue was up 36.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share.

Advanced Drainage Systems announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.12 per share on Thursday, September 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for WMS.

Advanced Drainage Systems (NYSE:WMS) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.38%. 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 10.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMS will have a dividend payout ratio of 6.85% 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, August, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.25 billion-$3.35 billion, compared to the consensus revenue estimate of $3.16 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 institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.73%), JPMorgan Chase & Co. (1.81%), Pictet Asset Management SA (1.53%), Allspring Global Investments Holdings LLC (1.35%), State Street Corp (1.37%) and Loomis Sayles & Co. L P (1.12%). Insiders that own company stock include Alexander R Fischer, Anil Seetharam, Berkshire Partners Holdings Ll, Brian W King, Darin S Harvey, Ewout Leeuwenburg, Joseph A Chlapaty, Kevin C Talley, Mark Haney, Michael B Coleman, 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 $122.31.

Advanced Drainage Systems (NYSE:WMS) has a market capitalization of $10.22 billion and generates $2.77 billion in revenue each year. The construction company earns $271.33 million in net income (profit) each year or $4.50 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.