Versum: Surging Chip, Systems Demand Drive 22% 1Q Sales Rise; Execution, Cost Issues Limit EPS Gain
We plan to raise our $37 per share fair value estimate by roughly $1-$2 for narrow-moat electronic materials supplier Versum Materials following strong, if uneven fiscal first-quarter results and our updated earnings forecast reflecting stronger chip industry demand and capital spending assumptions. We expect sizable incremental growth opportunities for Versum to satisfy accelerating chip industry production and capital investment activity.Demand for Versum’s products and services continues to ...
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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