Advanced Drainage Systems, Inc. (WMS:NYE) has been given a “Moderate Buy” average rating by seven brokerages that are covering the ADS stock, according to Stock Target Advisor. The average 12-month price objective among brokers who have updated their coverage on the Advanced Drainage Systems stock within the last year is $119.60.
Advanced Drainage Systems Stock-Analyst Ratings:
Over the past few months, WMS has been the subject of several research reports. On March 24th, Loop Capital decreased its price objective on the stock from $118.00 to $115.00 but maintained a “buy” rating for the company.
Barclays, on the other hand, increased their price target on shares of WMS from $122.00 to $127.00 in a research note released on December 14th.
In addition, Deutsche Bank Aktiengesellschaft reduced their target price from $147.00 to $125.00 but maintained a “buy” rating on the stock in a report dated March 21st.
Finally, Morgan Stanley dropped their price target on Advanced Drainage Systems from $120.00 to $110.00 and set an “overweight” rating for the company in a research note released on February 7th.
Advanced Drainage Systems Stock Analysis:
Advanced Drainage Systems opened at $77.63 on Monday, April 10th. The company has a current ratio of 3.13, a quick ratio of 1.89, and a debt-to-equity ratio of 1.34. WMS has a 12-month low of $75.02 and a 12-month high of $153.36.
The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 13.99, and a beta of 1.38. The firm has a 50-day moving average of $87.42 and a 200-day moving average of $95.33.
Quarterly Earnings Review:
The company last announced its earnings results on Thursday, February 2nd, reporting $0.99 earnings per share (EPS) for the quarter, which missed analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $655.20 million for the quarter, compared to analysts’ expectations of $713.57 million.
Advanced Drainage Systems had a net margin of 14.93% and a return on equity of 50.65%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 EPS. On average, analysts anticipate that Advanced Drainage Systems will post 5.75 EPS for the current year.
WMS Stock Dividend:
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st, were paid a $0.12 dividend.
The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.62%. Advanced Drainage Systems’s payout ratio is currently 8.65%.
WMS Stock-Insider Transactions:
In terms of insider activity, CAO Kevin C. Talley sold 22,006 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $89.67, for a total value of $1,973,278.02.
Following the sale, the chief accounting officer now owns 40,019 shares of the company’s stock, valued at $3,588,503.73. Insiders own 9.33% of the WMS stock.
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio.