Analyst Expects Advanced Drainage Systems Inc (NYSE: WMS) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Advanced Drainage Systems Named by Newsweek as one of America’s Most Responsible Companies in 2024.

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Stocks Info

As a NYSE listed company, WMS falls under the Industrials sector while operating within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $172.56 and fluctuated between $176.31 as its day high and $172.29 as its day low. The current market capitalization of Advanced Drainage Systems Inc is $13.39B. A total of 0.56 million shares were traded on the day, compared to an average of 473.51K shares.

In the most recent transaction, HUEBERT MICHAEL G. sold 10,000 shares of WMS for 163.52 per share on Mar 06 ’24. After the transaction, the Executive Vice President now owns 13,450 company shares. In a previous transaction on Feb 28 ’24, JONES ROSS M sold 762,895 shares at 163.00 per share. WMS shares that Director owns now total 0.

Among the insiders who sold shares, Seetharam Anil disposed of 762,895 shares on Feb 28 ’24 at a per-share price of $163.00. This resulted in the Director holding 0 shares of WMS after the transaction. In another insider transaction, WAUN THOMAS J. SR. sold 1,500 shares at $164.39 per share on Feb 27 ’24. Company shares held by the EVP, International now total 9,713.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Advanced Drainage Systems Inc pays an annual dividend of $0.56, resulting in a dividend yield of 0.32%, and it has a price to earnings (P/E) ratio of 27.42. WMS’s most recent ex-dividend date was 2/29/2024 when it declared a $0.14 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The WMS stock dividend was $0.14 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, WMS has a high of $172.76 and a low of $75.76.

As of this writing, WMS has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.67 per share and a lower estimate of $0.88. The company reported an EPS of $1.71 in the last quarter, which was 4.90% higher than expectations of $1.63.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. WMS’s latest balance sheet shows that the firm has $20.12M in Cash & Short Term Investments as of fiscal 2022. There were $958.84M in debt and $391.24M in liabilities at the time. Its Book Value Per Share was $15.36, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

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. 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 4.75.

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