Morgan Stanley (MS) Posts Quarterly Earnings, Beats Expectations By $0.02 EPS
Morgan Stanley (NYSE:MS) issued its quarterly earnings data on Friday. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02, AmericanBankingNews.com reports. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the company posted ($0.55) earnings per share.
Shares of Morgan Stanley (NYSE:MS) opened at 28.93 on Friday. Morgan Stanley has a 52-week low of $15.95 and a 52-week high of $29.50. The stock’s 50-day moving average is $27.48 and its 200-day moving average is $25.. The company has a market cap of $56.661 billion and a price-to-earnings ratio of 44.85. Morgan Stanley also was the target of unusually large options trading activity on Thursday. Traders bought 24,415 put options on the company. This represents an increase of 179% compared to the average daily volume of 8,750 put options.
A number of research firms have recently commented on MS. Analysts at TheStreet reiterated a “hold” rating on shares of Morgan Stanley in a research note to investors on Wednesday. Finally, analysts at ISI Group initiated coverage on shares of Morgan Stanley in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Morgan Stanley presently has an average rating of “Hold” and a consensus target price of $27.11.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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