Aristocrat Delivers Stellar Fiscal 2017 Results and Pushes Further Into Social Gaming; FVE Lifted 6%
We lift our fair value estimate for narrow-moat-rated Aristocrat Leisure by 6% to AUD 19 per share, after rolling our model forward 12 months and incorporating a 4% increase to our five-year EPS projections. Underlying net profit (preamortisation) rose by 37% during fiscal 2017 to AUD 543 million, marginally ahead of our expectations. This was an outcome of strength across all divisions, the most noteworthy being the Americas, digital, and International Class III. Some of the spotlight was stole...Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.
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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