A better buy-in window may exist right now for Advanced Drainage Systems Inc (WMS)

With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $163.92 whereas the lowest price it dropped to was $158.54. The 52-week range on WMS shows that it touched its highest point at $184.27 and its lowest point at $110.31 during that stretch. It currently has a 1-year price target of $182.88. With its current market cap of 12.33 billion, WMS has annualized dividend of $0.60 while the current yield stands at 0.38%. Beta for the stock currently stands at 1.54.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WMS was up-trending over the past week, with a rise of 6.08%, but this was up by 3.48% over a month. Three-month performance surged to 12.11% while six-month performance fell -7.75%. The stock gained 42.03% in the past year, while it has gained 13.05% so far this year. A look at the trailing 12-month EPS for WMS yields 6.33 with Next year EPS estimates of 7.44. For the next quarter, that number is 1.89. This implies an EPS growth rate of 5.72% for this year and 10.09% for next year. EPS is expected to grow by 17.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 39.58%.

Float and Shares Shorts:

At present, 70.87 million WMS shares are outstanding with a float of 69.34 million shares on hand for trading. On 2024-10-15, short shares totaled 1.61 million, which was 208.0 higher than short shares on 1726185600. In addition to Mr. Donald Scott Barbour as the firm’s CEO, President & Director, Mr. Scott A. Cottrill serves as its Executive VP, CFO, Secretary & Treasurer.

Institutional Ownership:

Through their ownership of 0.87574 of WMS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, WMS reported revenue of $815336000.0 and operating income of $226507000.0. The EBITDA in the recently reported quarter was $274721000.0 and diluted EPS was $2.06.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WMS since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WMS analysts setting a high price target of 195.0 and a low target of 145.0, the average target price over the next 12 months is 178.67. Based on these targets, WMS could surge 22.64% to reach the target high and fall by -8.81% to reach the target low. Reaching the average price target will result in a growth of 12.37% from current levels.

Analysts have provided yearly estimates in a range of $6.30613 being high and $6.1657 being low. For WMS, this leads to a yearly average estimate of $6.25108. The surprise factor in the prior quarter was $1.01. Based on analyst estimates, the high estimate for the next quarter is $1.56 and the low estimate is $1.33. The average estimate for the next quarter is thus $1.47.