Arconic's aerospace and automotive product lines will help the company deliver profitable growth.
Arconic's third-quarter results were largely in line with our expectations, and our full-year forecasts are effectively unchanged. Due to time value of money effects, our fair value estimate rises to $25 per share from $24 but our no-moat rating is unchanged.We expect the company to generate adjusted earnings of $1.17 per share and adjusted EBITDA of $1.85 billion on sales of $12.8 billion. This compares with management's guidance to earnings of $1.15 to $1.20 per share and EBITDA of $1.81 bill...
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.
We have operations in 27 countries.
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