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Monday, June 5, 2023

Investors’ Patience Is Being Tested Right Now By Advanced Drainage Systems Inc. (NYSE: WMS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Advanced Drainage Systems Inc. (WMS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.61, or -1.84%, to $86.01. The Advanced Drainage Systems Inc. has recorded 11,708 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Advanced Drainage Systems to Announce Fourth Quarter and Fiscal Year 2023 Results on May 18, 2023.

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Stocks Info

Advanced Drainage Systems Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Building Products & Equipment industry. At the end of the last regular session, the stock closed at $87.62 and fluctuated between $88.12 as its day high and $85.81 as its day low. The current market capitalization of Advanced Drainage Systems Inc. is $7.18B. A total of 0.59 million shares were traded on the day, compared to an average of 930.89K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WMS has seen 4 BUY and 2 SELL insider trades, representing the acquisition of 34,943 and the disposition of 31,006 shares. Over the last 12 months, there were 67 BUYs and 114 SELLs from insiders. Insiders purchased 576,799 shares during that period but sold 4,028,729.

In the most recent transaction, TALLEY KEVIN C sold 22,006 shares of WMS for 89.67 per share on Mar 03. After the transaction, the EVP and CAO now owns 40,019 company shares. In a previous transaction on Dec 02, HARVEY DARIN S. sold 614 shares at 95.59 per share. WMS shares that EVP, Supply Chain & Logistics owns now total 4,600.

Among the insiders who sold shares, HARVEY DARIN S. disposed of 1,710 shares on Nov 30 at a per-share price of $93.41. This resulted in the EVP, Supply Chain & Logistics holding 5,214 shares of WMS after the transaction. In another insider transaction, HUEBERT MICHAEL G. sold 9,017 shares at $96.96 per share on Nov 23. Company shares held by the Senior Vice President now total 40,712.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Advanced Drainage Systems Inc. pays an annual dividend of $0.48, resulting in a dividend yield of 0.55%, and it has a price to earnings (P/E) ratio of 15.79. WMS’s most recent ex-dividend date was 2/28/2023 when it declared a $0.12 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/30/2022. The WMS stock dividend was $0.12 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WMS in the last 3 months, the mean price target is $111.43 with high estimates of $125.00 and low estimates of $94.00. In terms of 52-week highs and lows, WMS has a high of $153.36 and a low of $75.02.

As of this writing, WMS has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.08 per share and a lower estimate of $0.58. The company reported an EPS of $1.8 in the last quarter, which was -5.30% lower than expectations of $1.9.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WMS’s latest balance sheet shows that the firm has $20.12M in Cash & Short Term Investments as of fiscal 2022. There were $944.64M in debt and $391.24M in liabilities at the time. Its Book Value Per Share was $13.38, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WMS is Buy with a score of 4.83.

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