Wall Street analysts expect Morgan Stanley (NYSE:MS) to announce earnings of $1.00 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Morgan Stanley’s earnings. The lowest EPS estimate is $0.96 and the highest is $1.04. Morgan Stanley reported earnings per share of $0.93 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The company is expected to issue its next earnings results before the market opens on Tuesday, October 16th.
According to Zacks, analysts expect that Morgan Stanley will report full-year earnings of $4.76 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.95. For the next financial year, analysts expect that the company will post earnings of $5.08 per share, with EPS estimates ranging from $4.72 to $5.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Morgan Stanley.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.05 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. Morgan Stanley’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS.
A number of equities analysts have recently issued reports on the company. Cfra reissued a “buy” rating and set a $65.00 price target on shares of Morgan Stanley in a research report on Thursday, June 21st. Zacks Investment Research downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Sandler O’Neill reissued a “hold” rating and set a $51.00 price target on shares of Morgan Stanley in a research report on Friday, July 13th. ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Citigroup dropped their price target on Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $59.22.
In related news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Hennessy Advisors Inc. raised its stake in Morgan Stanley by 2.3% in the second quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock valued at $2,133,000 after buying an additional 1,000 shares during the last quarter. Baxter Bros Inc. raised its stake in Morgan Stanley by 2.6% in the second quarter. Baxter Bros Inc. now owns 44,210 shares of the financial services provider’s stock valued at $2,096,000 after buying an additional 1,100 shares during the last quarter. Tiedemann Advisors LLC raised its stake in Morgan Stanley by 8.7% in the second quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock valued at $674,000 after buying an additional 1,135 shares during the last quarter. Appleton Partners Inc. MA raised its stake in Morgan Stanley by 4.4% in the third quarter. Appleton Partners Inc. MA now owns 29,085 shares of the financial services provider’s stock valued at $1,354,000 after buying an additional 1,220 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in Morgan Stanley by 33.4% in the second quarter. Cornerstone Advisors Inc. now owns 4,894 shares of the financial services provider’s stock valued at $232,000 after buying an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.
Shares of MS traded down $0.06 during midday trading on Monday, reaching $43.43. 16,048,103 shares of the stock were exchanged, compared to its average volume of 9,543,617. Morgan Stanley has a 52 week low of $42.88 and a 52 week high of $59.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. The company has a market capitalization of $81.25 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.83 and a beta of 1.42.
Morgan Stanley announced that its Board of Directors has authorized a share repurchase program on Thursday, June 28th that authorizes the company to buyback $4.70 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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