Royal's Double-Double plan in reach thanks to strong pricing and cost discipline.
With the final year of narrow-moat Royal Caribbean’s Double-Double Plan to double 2014 earnings per share and achieve double-digit ROICs under way, the earnings goal is in reach with the company forecasting per share results of $6.90-$7.10. This is slightly ahead of our prior estimate for $6.88 for 2017, and we expect to raise our $88 fair value estimate modestly with more clarity into performance over the year ahead. With shares trading around $94, we view the company as slightly overvalued, an...
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.
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