Advanced Drainage Systems Analysts Boost Their Forecasts Following Q4 Results
Portfolio Pulse from Avi Kapoor
Advanced Drainage Systems (NYSE:WMS) reported strong Q4 results, beating earnings and sales estimates, and raised its dividend by 14%. Despite the positive results, shares fell 2.1%. Analysts have raised their price targets for the stock.
May 17, 2024 | 12:29 pm
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Advanced Drainage Systems reported strong Q4 results, beating earnings and sales estimates, and raised its dividend by 14%. Despite the positive results, shares fell 2.1%. Analysts have raised their price targets for the stock.
The company posted strong earnings and sales, raised its dividend, and received positive analyst price target revisions. Despite the short-term share price drop, the overall positive financial performance and analyst sentiment suggest a likely upward movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100