Eaton Drives Solid 1Q 2018 Results Even as the Market Sours on the Firm’s Lighting Business
Narrow-moat-rated Eaton posted solid first-quarter results on May 1, though it lost just around 2% of its market value after reporting. We are raising our fair value estimate for the company to $78 per share based on both 2018 updated guidance as well as the time value of money. Top-line growth for the company increased by 8% year over year, but 6% on an organic basis. We expect a strong 2018 year at 5% organic top-line growth for the total company.That said, there were noticeable sore spots f...
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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