Equities research analysts expect Morgan Stanley (NYSE:MS) to post sales of $10.05 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Morgan Stanley’s earnings. The highest sales estimate is $10.12 billion and the lowest is $9.99 billion. Morgan Stanley posted sales of $9.50 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The firm is scheduled to announce its next earnings report on Wednesday, July 18th.
On average, analysts expect that Morgan Stanley will report full year sales of $40.31 billion for the current year, with estimates ranging from $40.20 billion to $40.39 billion. For the next financial year, analysts anticipate that the business will report sales of $41.17 billion per share, with estimates ranging from $40.56 billion to $41.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Morgan Stanley.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. Morgan Stanley had a net margin of 15.09% and a return on equity of 11.10%. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year.
Several research analysts recently weighed in on the stock. Societe Generale downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays upped their target price on shares of Morgan Stanley from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 19th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 target price on shares of Morgan Stanley in a report on Thursday, April 5th. Finally, Credit Suisse Group upped their target price on shares of Morgan Stanley from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $55.40.
In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $55.34, for a total value of $5,534,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Insiders sold a total of 239,254 shares of company stock worth $13,085,019 over the last three months. 0.19% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. ValueAct Holdings L.P. boosted its stake in shares of Morgan Stanley by 0.4% during the fourth quarter. ValueAct Holdings L.P. now owns 17,959,620 shares of the financial services provider’s stock valued at $942,341,000 after purchasing an additional 75,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Morgan Stanley by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 14,948,683 shares of the financial services provider’s stock valued at $782,739,000 after purchasing an additional 206,318 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Morgan Stanley by 14.2% during the fourth quarter. Bank of New York Mellon Corp now owns 12,643,249 shares of the financial services provider’s stock valued at $663,392,000 after purchasing an additional 1,569,202 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Morgan Stanley by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 12,276,170 shares of the financial services provider’s stock valued at $644,130,000 after purchasing an additional 299,060 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Morgan Stanley by 2.9% during the fourth quarter. LSV Asset Management now owns 6,117,877 shares of the financial services provider’s stock valued at $321,005,000 after purchasing an additional 174,300 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.
Shares of MS stock traded down $0.57 during mid-day trading on Friday, reaching $53.07. 10,742,663 shares of the company’s stock traded hands, compared to its average volume of 9,942,727. Morgan Stanley has a 12 month low of $40.43 and a 12 month high of $59.38. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $97,583.94, a price-to-earnings ratio of 14.74, a PEG ratio of 0.91 and a beta of 1.54.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, April 27th. Morgan Stanley’s dividend payout ratio (DPR) is currently 27.78%.
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About Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.
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