Despite Hand Tools Group Drag, Snap-on Reports Solid 2017; Maintaining $128 FVE
Narrow-moat-rated Snap-on, the hand-tool, repair systems, and diagnostic equipment provider to critical task repair and maintenance professionals, reported 2017 earnings per share before special items, or EPS, of $10.12 versus consensus of $10.08 and $9.20 in the prior year. The commercial & industrial, or C&I, group and the repair services & information, or RS&I, group outperformed, with revenue growth of 10% and 14%, respectively. This more than offset 1% lower revenue in the h...
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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