Credit Suisse Raises WMS Industries to Outperform (WMS)

By admin | 6 years ago

WMS Industries (NYSE: WMS) was upgraded by Credit Suisse (NYSE: CS) from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday. The firm currently has a $27.00 price target on the stock.

Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of WMS Industries from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, March 15th. They now have a $19.00 price target on the stock.

WMS Industries remained flat at $23.01 during trading on Tuesday. WMS Industries has a 52-week low of $16.24 and a 52-week high of $34.38. The company has a market cap of $1.273 billion and a price-to-earnings ratio of 24.38.

The company last announced its quarterly results on Monday, April 30th. It reported $0.40 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.42 EPS by $0.02. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect that WMS Industries will post $0.32 EPS next quarter.

WMS Industries Inc. (WMS) serves the legalized gaming industry by designing, manufacturing and distributing games, video and mechanical reel-spinning gaming machines and video lottery terminals (VLTs) to authorized customers in legal gaming venues worldwide.

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