Cyclical slowdown obscures O’Reilly’s long-term strength and return-generation abilities.
O’Reilly’s third-quarter results should not lead to a large change for our $242 per share fair value estimate for the narrow-moat retailer despite less optimistic full-year guidance that nonetheless is consistent with our full-year targets. We remain convinced the shares are attractive.Year to date, O’Reilly has posted 5% sales growth against a 19.5% operating margin (40 basis points lower than the same period last year), against our respective 2017 marks of 4% and 19.4% (also corresponding to ...
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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