Scripps Ends 2016 With Strong Revenue Growth; International Segment Continues to Expand
Scripps posted a mixed end to 2016, as fourth-quarter revenue was above our expectations but the bottom line missed our projections. Management issued strong 2017 guidance, with revenue growth of 6% and adjusted segment profit growth of 3% as the firm will continue to invest in new content and its international expansion. We are maintaining our narrow economic moat rating and expect to raise our fair value estimate to $79 from $72 to account for rolling our model forward and improved internation...
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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