Goldman Cuts Price Target on WMS Industries (WMS), Doesn't See Industry Growth
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Price: $155.57 -0.79%
Rating Summary:
10 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
10 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Goldman Sachs maintained a Sell rating on WMS Industries (NYSE: WMS) and cut the price target to $14.00 (from $20.00).
"We continue to believe that the slot industry is a challenged sector with minimal industry growth and an increasing number of players," said Steven Kent, an analyst at Goldman Sachs.
"We are lowering our WMS estimates after disappointing 4Q2012 results and an outlook for FY2013 which is of increased spending vs. our prior expectations. We have also lowered our assumptions for win per day given the competitive environment in participation right now. Our new FY2013/FY2014 estimates are $1.15 and $1.32, down from $1.50 and $1.68. We introduce our FY2015 EPS estimate of $1.46."
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 $14.99 yesterday.
"We continue to believe that the slot industry is a challenged sector with minimal industry growth and an increasing number of players," said Steven Kent, an analyst at Goldman Sachs.
"We are lowering our WMS estimates after disappointing 4Q2012 results and an outlook for FY2013 which is of increased spending vs. our prior expectations. We have also lowered our assumptions for win per day given the competitive environment in participation right now. Our new FY2013/FY2014 estimates are $1.15 and $1.32, down from $1.50 and $1.68. We introduce our FY2015 EPS estimate of $1.46."
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 $14.99 yesterday.
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