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

Company Overview

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. In addition, it provides PVC hubs, rubber sleeves, and stainless-steel bands. The company offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of distribution centers. Advanced Drainage Systems, Inc. incorporated in 1966 and is headquartered in Hilliard, Ohio.

Key Stats

• Today's Range: $114.04 to $117.68
• 50-Day Range: $114.63 to $163.51
• 52-Week Range: $114.04 to $184.27
• Volume: 2.07 million shs
• Average Volume: 523,827 shs
• Market Capitalization: $8.93 billion
• P/E Ratio: 18.34
• Dividend Yield: 0.56%
• Price Target: $170.29
• Consensus Rating: Moderate Buy

Advanced Drainage Systems Stock Analysis - MarketRank™

Advanced Drainage Systems scored higher than 98% of companies evaluated by MarketBeat, and ranked 9th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Advanced Drainage Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Advanced Drainage Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.48%

Earnings Growth

Earnings for Advanced Drainage Systems are expected to grow by 9.48% in the coming year, from $6.12 to $6.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Advanced Drainage Systems is 18.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Advanced Drainage Systems is 18.34, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 27.83.

Price to Earnings Growth Ratio

Advanced Drainage Systems has a PEG Ratio of 1.22. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Advanced Drainage Systems has a P/B Ratio of 7.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.07% of the float of Advanced Drainage Systems has been sold short.

Short Interest Ratio / Days to Cover

Advanced Drainage Systems has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Advanced Drainage Systems has recently increased by 26.01%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Advanced Drainage Systems has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Advanced Drainage Systems does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Advanced Drainage Systems is 10.19%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Advanced Drainage Systems will have a dividend payout ratio of 9.55% next year. This indicates that Advanced Drainage Systems will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.6 / 5
• Environmental Score: -1.95

Percentage of Shares Shorted

3.07% of the float of Advanced Drainage Systems has been sold short.

Short Interest Ratio / Days to Cover

Advanced Drainage Systems has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Advanced Drainage Systems has recently increased by 26.01%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.93

News Sentiment

Advanced Drainage Systems has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Advanced Drainage Systems this week, compared to 7 articles on an average week.

Search Interest

Only 2 people have searched for WMS on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

MarketBeat Follows

12 people have added Advanced Drainage Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Advanced Drainage Systems insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.05% of the stock of Advanced Drainage Systems is held by insiders.

Percentage Held by Institutions

89.83% of the stock of Advanced Drainage Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WMS Stock Analysis - Frequently Asked Questions

How have WMS shares performed this year?

Advanced Drainage Systems' stock was trading at $140.64 on January 1st, 2024. Since then, WMS shares have decreased by 18.1% and is now trading at $115.15.
View the best growth stocks for 2024 here.

How were Advanced Drainage Systems' earnings last quarter?

Advanced Drainage Systems, Inc. (NYSE:WMS) released its earnings results on Friday, November, 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by $0.23. The company's revenue for the quarter was up .3% compared to the same quarter last year.

Who are Advanced Drainage Systems' major shareholders?

Advanced Drainage Systems' top institutional shareholders include Baillie Gifford & Co. (3.92%), State Street Corp (3.28%), Impax Asset Management Group plc (2.43%) and Swedbank AB (1.79%). Insiders that own company stock include Anil Seetharam, Robert M Klein, Scott A Cottrill, Ross M Jones, D Scott Barbour, Kevin C Talley, De La Mesa Manuel J Perez, Alexander R Fischer, Michael G Huebert, Tim A Makowski, Darin S Harvey and Brian W King.
View institutional ownership trends.

How do I buy shares of Advanced Drainage Systems?

Shares of WMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Advanced Drainage Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Advanced Drainage Systems investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), ServiceNow (NOW), Arista Networks (ANET) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 11/08/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Today: 12/22/2024
• Next Earnings (Confirmed): 12/31/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Plastics foam products
• Sub-Industry: Casinos & Gaming
• Current Symbol: NYSE:WMS
• CUSIP: 92929710
• CIK: 1604028
• Web: www.ads-pipe.com
• Phone: (800) 821-6710
• Fax: 614-658-0204
• Employees: 5,705
• Year Founded: 1966

Price Target and Rating

• Average Stock Price Target: $170.29
• High Stock Price Target: $190.00
• Low Stock Price Target: $135.00
• Potential Upside/Downside: +47.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.28
• Trailing P/E Ratio: 18.34
• Forward P/E Ratio: 18.82
• P/E Growth: 1.22
• Net Income: $509.92 million
• Net Margins: 16.89%
• Pretax Margin: 21.88%
• Return on Equity: 40.31%
• Return on Assets: 14.87%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 3.19
• Quick Ratio: 2.15

Sales & Book Value

• Annual Sales: $2.91 billion
• Price / Sales: 3.06
• Cash Flow: $7.75 per share
• Price / Cash Flow: 14.85
• Book Value: $15.10 per share
• Price / Book: 7.63

Miscellaneous

• Outstanding Shares: 77,523,000
• Free Float: 75,934,000
• Market Cap: $8.93 billion
• Optionable: Optionable
• Beta: 1.48