$10.32 Billion in Sales Expected for Morgan Stanley (MS) This Quarter

Wall Street brokerages expect that Morgan Stanley (NYSE:MS) will announce sales of $10.32 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Morgan Stanley’s earnings, with estimates ranging from $10.26 billion to $10.38 billion. Morgan Stanley reported sales of $9.75 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The business is expected to announce its next earnings results on Wednesday, April 18th.

On average, analysts expect that Morgan Stanley will report full-year sales of $10.32 billion for the current financial year, with estimates ranging from $38.91 billion to $39.66 billion. For the next financial year, analysts forecast that the company will report sales of $40.33 billion per share, with estimates ranging from $39.61 billion to $40.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Morgan Stanley.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a return on equity of 10.03% and a net margin of 14.10%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share.

Several research firms recently issued reports on MS. Oppenheimer reissued a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. Atlantic Securities raised Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a research note on Wednesday, January 10th. Societe Generale set a $61.00 target price on Morgan Stanley and gave the stock a “neutral” rating in a research note on Monday, January 22nd. Buckingham Research raised their target price on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, BMO Capital Markets reissued a “top pick” rating and issued a $69.00 target price on shares of Morgan Stanley in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Morgan Stanley presently has a consensus rating of “Buy” and an average target price of $54.07.

In other Morgan Stanley news, insider Keishi Hotsuki sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alistair Darling sold 3,850 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the sale, the director now owns 14,218 shares of the company’s stock, valued at $700,805.22. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MS. First Republic Investment Management Inc. grew its position in shares of Morgan Stanley by 3.1% during the 4th quarter. First Republic Investment Management Inc. now owns 701,481 shares of the financial services provider’s stock valued at $36,807,000 after acquiring an additional 21,088 shares during the period. Timber Hill LLC grew its position in shares of Morgan Stanley by 501.1% during the 4th quarter. Timber Hill LLC now owns 107,936 shares of the financial services provider’s stock valued at $5,663,000 after acquiring an additional 89,980 shares during the period. FDx Advisors Inc. grew its position in shares of Morgan Stanley by 5.1% during the 4th quarter. FDx Advisors Inc. now owns 64,753 shares of the financial services provider’s stock valued at $3,398,000 after acquiring an additional 3,130 shares during the period. ARP Americas LP bought a new stake in shares of Morgan Stanley during the 4th quarter valued at $567,000. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Morgan Stanley by 57.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 1,295,900 shares of the financial services provider’s stock valued at $67,996,000 after acquiring an additional 473,242 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.

Morgan Stanley (NYSE MS) opened at $52.14 on Monday. The company has a market capitalization of $93,226.32, a PE ratio of 14.32, a PEG ratio of 0.90 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $58.05.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. Morgan Stanley’s payout ratio is currently 32.36%.

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About Morgan Stanley

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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