It Will Take Time for Alliance Data Systems to Regroup and Return to Its Recent Growth Trajectory
Narrow-moat Alliance Data Systems provided some more clarity on its $4.4 billion divestiture of Epsilon after reporting first-quarter earnings. During the quarter, the company generated sales from continuing operations of $1.3 billion, down 3% from the previous year while GAAP EPS from continuing operations increased 3%. What’s interesting is Alliance reported GAAP earnings from continuing operations of $3.28 per share but consolidated EPS of $2.80. This means Epsilon produced after-tax losses o...Alliance Data Systems is a provider of data-driven marketing and loyalty solutions. The company operates in two segments: LoyaltyOne? and Card Services. LoyaltyOne provides coalition and short-term loyalty programs through the Canadian AIR MILES? Reward Program and BrandLoyalty Group B.V. Card Services encompasses credit card processing, billing and payment processing, customer care and collections services for private label retailers as well as private label and co-brand retail credit card and loan receivables financing, including securitization and other funding of certain credit card and loan receivables that it underwrites from its private label and co-brand retail credit card programs.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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