Aristocrat Earnings to Benefit from Lower Australian Dollar and Ongoing Investment into Digital
We raise our fair value estimate for Aristocrat Leisure by 4% to AUD 24.50 per share, to reflect the translation benefit of the lower Australian dollar relative to the U.S. dollar, and time value of money. We have adjusted our currency assumptions to AUD/USD 0.71 from 0.73 for the next five years and given most group earnings are generated in U.S. dollars, the impact on our earnings forecasts is notable. The lower Australian dollar increases our EPS forecasts by around 3%, although this is parti...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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