Lower Tax Rate and Stronger Growth in Recurring Revenue Drive Aristocrat FVE to AUD 23.50 Per Share
Narrow-moat rated Aristocrat Leisure delivered strong earnings growth during fiscal 2018, after receiving a boost from the recently acquired digital game firms Plarium and Big Fish. Normalised net profit after tax (pre-amortisation of acquired intangibles) rose by 34% on last year, to AUD 730 million, albeit in line with our expectations. The digital segment did a lot of the heavy lifting, and if excluded we estimate earnings would’ve grown by approximately 13%. The board declared a final divide...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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