Volkswagen Reports 2017 Results, Guides to Higher 2018; Maintaining EUR 221 Fair Value Estimate
No-moat rated Volkswagen, maker of Audi, Bugatti, Lamborghini, Porsche, SEAT, Skoda, and Volkswagen automobiles, plus MAN, Scania, and Volkswagen commercial trucks, reported full-year 2017 earnings per share before special items (EPS) of EUR 26.07, EUR 1.19 better than the sell-side consensus and EUR 4.63 higher than the year ago EPS. Guidance for 2018 included a 5% increase in group (includes financial services) revenue and group operating margin in a range of 6.5%-7.5%. We think the market has...
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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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