$9.17 Billion in Sales Expected for Morgan Stanley (MS) This Quarter
Wall Street analysts forecast that Morgan Stanley (NYSE:MS) will announce $9.17 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Morgan Stanley’s earnings. The highest sales estimate is $9.38 billion and the lowest is $8.81 billion. Morgan Stanley posted sales of $9.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 16th.
On average, analysts expect that Morgan Stanley will report full-year sales of $9.17 billion for the current fiscal year, with estimates ranging from $37.25 billion to $37.78 billion. For the next financial year, analysts anticipate that the company will report sales of $38.90 billion per share, with estimates ranging from $38.11 billion to $39.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Morgan Stanley.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.11%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year.
MS has been the topic of a number of analyst reports. ValuEngine lowered shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets lifted their price target on shares of Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. HSBC Holdings plc upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, September 15th. Buckingham Research restated a “buy” rating and issued a $54.00 price target (up previously from $51.00) on shares of Morgan Stanley in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Morgan Stanley has a consensus rating of “Buy” and an average price target of $50.39.
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Shares of Morgan Stanley (NYSE:MS) traded up 0.77% during midday trading on Friday, hitting $51.16. 9,261,076 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $48.19 and its 200-day moving average is $45.47. Morgan Stanley has a 1-year low of $32.56 and a 1-year high of $51.52. The stock has a market cap of $92.70 billion, a PE ratio of 14.21 and a beta of 1.61.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is 27.70%.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the transaction, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman James P. Gorman sold 212,366 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the transaction, the chairman now directly owns 1,602,609 shares of the company’s stock, valued at approximately $75,739,301.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,763 shares of company stock valued at $12,881,015. Corporate insiders own 0.35% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in MS. BlackRock Inc. boosted its holdings in shares of Morgan Stanley by 2,798.9% during the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock valued at $4,334,046,000 after acquiring an additional 97,678,337 shares during the period. Janus Henderson Group PLC lifted its holdings in Morgan Stanley by 5,268.0% in the second quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock worth $427,365,000 after purchasing an additional 9,412,177 shares during the period. FMR LLC lifted its holdings in Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after purchasing an additional 6,692,676 shares during the period. Epoch Investment Partners Inc. acquired a new stake in Morgan Stanley in the first quarter worth about $215,402,000. Finally, Lazard Asset Management LLC lifted its holdings in Morgan Stanley by 801.0% in the second quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock worth $237,117,000 after purchasing an additional 4,730,704 shares during the period. 85.21% of the stock is owned by institutional investors.
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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