Aristocrat Leisure's Stronger-Than-Expected Trading Update Lifts Our FVE to AUD 12.80
We lift our fair value estimate for narrow moat-rated Aristocrat Leisure by 7% to AUD 12.80 per share, following a stronger-than-expected trading update. Fuelled by a flying start to fiscal 2017, the company guided to between 20% and 30% growth in fiscal 2017 net profit after tax but before amortisation of acquired intangibles, or NPATA. Consequently, we have lifted our near-term EPS (preamortisation) estimates by approximately 7% per year, and forecast average growth of 11% over the next three ...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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