First-Quarter Results Leave IHS Markit Poised to Meet Our 2018 Targets; Long-Term Outlook Intact
With its first-quarter results placing wide-moat IHS Markit on track to meet our fiscal 2018 targets, we don't plan to make a large change to our $46 per share fair value estimate, as our estimates (calling for mid-single-digit top-line growth and adjusted EBITDA margin expansion into the mid-40s by 2021 from 39% in fiscal 2017) remain intact.IHS Markit reported 10% revenue growth against a 39% adjusted EBITDA margin and adjusted diluted EPS of $0.53 for the quarter. Management still calls for ...
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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