Advanced Drainage Systems Inc (NYSE: WMS) has reported earnings for its second fiscal quarter (ending September 30) of $1.68 versus $1.73 for the same period a year ago — a decline of -3%. For the latest four quarters through September 30, E.P.S. were $6.34 versus $6.00 for the same period a year ago — an increase of 6%.
Recent Price Action
Advanced Drainage Systems Inc (NYSE: WMS) stock closed at $136.16 on 11/8/24 after a major decline of -14.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 491% of normal. Relative to the market the stock has been weak over the last nine months and has declined -9.2% 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Advanced Drainage Systems has a slightly negative Power Rating of 39 and a poor Appreciation Score of 30, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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