Morgan Stanley (NYSE:MS) is scheduled to be releasing its earnings data before the market opens on Thursday, January 18th. Analysts expect Morgan Stanley to post earnings of $0.81 per share for the quarter.
Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts expect Morgan Stanley to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Morgan Stanley (NYSE MS) opened at $55.12 on Tuesday. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $55.14. The firm has a market cap of $99,650.00, a price-to-earnings ratio of 15.23, a PEG ratio of 0.91 and a beta of 1.65. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the sale, the insider now directly owns 111,776 shares in the company, valued at approximately $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alistair Darling sold 3,850 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the sale, the director now owns 14,218 shares in the company, valued at $700,805.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,247 shares of company stock worth $4,284,364. 0.24% of the stock is owned by company insiders.
Several research analysts recently commented on the stock. UBS Group raised shares of Morgan Stanley to an “overweight” rating in a research note on Wednesday, January 10th. Atlantic Securities raised shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a research note on Wednesday, January 10th. Oppenheimer reaffirmed a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a research note on Monday, January 8th. Finally, Credit Suisse Group raised shares of Morgan Stanley to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $53.07.
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Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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