Emerson 1Q Adjusted EPS Rose 18% on Stronger Global Demand and Currency Tailwinds. We Raise our FVE.
We expect to increase our fair value estimate for wide-moat Emerson by $2-$3 per share from $67 following robust first-quarter results and our updated financial forecasts.Fiscal first-quarter revenue grew 19% year over year to $3.8 billion, reflecting 7% organic growth, a 3% currency tailwind, and 9% from acquisitions. Automation Solutions grew sales organically by 9%. North America expanded by 14% on higher capital spending from shale customers. The segment also reported good demand for afterm...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.