Ramsay Lowers Fiscal 2018 Profit Guidance and Flags UK Impairment Charge; Stock Remains Undervalued
Narrow-moat Ramsay Health Care surprised with lowered guidance issued on June 21, which now has fiscal 2018 EPS growth at around 7% year on year. This is below the bottom end of previous EPS growth guidance of 8%-10%, and also below our previous forecast 9% for fiscal 2018. Management attributed the downgrade to weaker-than-expected operating performance in its Australian operations, a slower-than-expected rollout of the Ramsay Pharmacy franchise network, and ongoing challenges in the U.K., give...Ramsay Health Care is a global hospital group, which is engaged in providing health care services. Co.'s facilities cater for a range of health care needs from day surgery procedures to complex surgery, as well as psychiatric care and rehabilitation. As of June 30, 2016, Co. operated 223 hospitals and day surgery facilities across Australia, the U.K., France, Indonesia, Malaysia and Italy.
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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