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Nomura Securities Maintains a 'Reduce' on WMS Industries (WMS); Q1 Preview

August 27, 2012 7:41 AM EDT Send to a Friend
Get Alerts WMS Hot Sheet
Price: $20.53 +0.59%

Rating Summary:
    5 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 14 | New: 38
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Nomura Securities maintains a 'Reduce' on WMS Industries (NYSE: WMS) price target of $13.00.

Analyst, Harry Curtis, said, "We estimate FQ1’13 EPS of $0.15 versus consensus of $0.21; for FY2013, our $1.10 estimate is the lowest on the Street and ~13% below consensus of $1.27. We differ from the Street primarily around SG&A, and believe FY2013 consensus EPS estimates will have to come down. While WMS has regained its footing in its core business, headwinds include intense competition, the industry’s increased opex in pursuing interactive gaming initiatives, and the likely meaningful impact to FCF."

For an analyst ratings summary and ratings history on WMS Industries click here. For more ratings news on WMS Industries click here.

Shares of WMS Industries closed at $16.28 yesterday.




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