Advanced Drainage Systems, trading under the ticker WMS, has announced an increase in its annual cash dividend, now set at 72 cents per share. This marks a 13% rise compared to the previous year's dividend. The company will distribute a quarterly dividend of 18 cents per share, scheduled for payment on June 16. Shareholders who hold their positions as of the end of trading on May 30 will be eligible to receive this payout.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Advanced Drainage Systems Inc (WMS, Financial) is $144.80 with a high estimate of $165.00 and a low estimate of $130.00. The average target implies an upside of 19.00% from the current price of $121.68. More detailed estimate data can be found on the Advanced Drainage Systems Inc (WMS) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Advanced Drainage Systems Inc's (WMS, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Advanced Drainage Systems Inc (WMS, Financial) in one year is $132.76, suggesting a upside of 9.11% from the current price of $121.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Advanced Drainage Systems Inc (WMS) Summary page.
Also check out: (Free Trial)
