Advanced Drainage Systems Inc (NYSE: WMS) has reported earnings for its fourth fiscal quarter (ending March 31) of $1.22 versus $1.07 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.52 versus $6.16 for the same period a year ago.
Recent Price Action
Advanced Drainage Systems Inc (NYSE: WMS) stock declined by -2.1% on 5/16/24. The shares closed at $172.44. Moreover, trading volume in this decline was exceptionally high at 272% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
WMS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Advanced Drainage Systems has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Advanced Drainage Systems has a poor Appreciation Score of 29 but a very high Power Rating of 90, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment