Analysts Expect Morgan Stanley (MS) Will Announce Earnings of $1.03 Per Share

Analysts predict that Morgan Stanley (NYSE:MS) will announce $1.03 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Morgan Stanley’s earnings. The highest EPS estimate is $1.18 and the lowest is $0.96. Morgan Stanley reported earnings per share of $0.93 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The company is scheduled to report its next earnings report on Tuesday, October 16th.

According to Zacks, analysts expect that Morgan Stanley will report full-year earnings of $4.80 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.95. For the next fiscal year, analysts forecast that the firm will report earnings of $5.10 per share, with EPS estimates ranging from $4.72 to $5.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Morgan Stanley.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.19. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The firm had revenue of $10.61 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same quarter last year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year.

A number of research analysts recently commented on MS shares. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Sanford C. Bernstein raised shares of Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price target for the company in a report on Wednesday, July 18th. Cfra reissued a “buy” rating and issued a $65.00 price objective on shares of Morgan Stanley in a research note on Thursday, June 21st. Goldman Sachs Group set a $59.00 price objective on shares of Morgan Stanley and gave the stock a “neutral” rating in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $60.00 price objective on shares of Morgan Stanley in a research note on Tuesday, June 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.53.

In other news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

Several institutional investors have recently bought and sold shares of MS. Renaissance Technologies LLC purchased a new position in Morgan Stanley in the second quarter worth $172,096,000. BlackRock Inc. lifted its stake in shares of Morgan Stanley by 3.1% during the second quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock worth $5,171,848,000 after buying an additional 3,264,493 shares during the period. FMR LLC lifted its stake in shares of Morgan Stanley by 4.4% during the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock worth $2,171,728,000 after buying an additional 1,936,093 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Morgan Stanley during the first quarter worth $80,530,000. Finally, Natixis lifted its stake in shares of Morgan Stanley by 978.3% during the second quarter. Natixis now owns 1,574,873 shares of the financial services provider’s stock worth $74,649,000 after buying an additional 1,428,824 shares during the period. 84.40% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:MS traded down $0.01 during trading on Friday, reaching $48.27. The company’s stock had a trading volume of 302,090 shares, compared to its average volume of 8,135,344. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. Morgan Stanley has a 12 month low of $46.28 and a 12 month high of $59.38. The company has a market cap of $84.73 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.87 and a beta of 1.42.

Morgan Stanley announced that its board has authorized a stock buyback plan on Thursday, June 28th that authorizes the company to buyback $4.70 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 5.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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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