Analysts forecast that Morgan Stanley (NYSE:MS) will report sales of $10.81 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Morgan Stanley’s earnings. The lowest sales estimate is $10.56 billion and the highest is $11.05 billion. Morgan Stanley reported sales of $11.08 billion in the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The company is expected to issue its next quarterly earnings report on Wednesday, April 17th.
According to Zacks, analysts expect that Morgan Stanley will report full-year sales of $39.91 billion for the current fiscal year, with estimates ranging from $38.37 billion to $41.16 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $41.07 billion, with estimates ranging from $38.79 billion to $42.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Morgan Stanley.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $9.32 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year.
Several research analysts have recently issued reports on the stock. Societe Generale downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, February 1st. BMO Capital Markets decreased their target price on shares of Morgan Stanley to $65.00 and set an “outperform” rating on the stock in a research report on Friday, January 18th. Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Citigroup upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating and decreased their target price for the company from $50.00 to $48.00 in a research report on Wednesday, January 9th. Finally, Barclays decreased their target price on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Morgan Stanley currently has an average rating of “Hold” and an average target price of $56.38.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the business’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $43.38, for a total value of $675,209.70. Following the transaction, the insider now directly owns 112,420 shares in the company, valued at $4,876,779.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC raised its stake in shares of Morgan Stanley by 94.0% in the fourth quarter. ETRADE Capital Management LLC now owns 36,987 shares of the financial services provider’s stock worth $1,467,000 after acquiring an additional 17,922 shares during the last quarter. Windsor Creek Advisors LLC bought a new position in shares of Morgan Stanley in the fourth quarter worth about $935,000. AdvisorNet Financial Inc raised its stake in shares of Morgan Stanley by 293.1% in the fourth quarter. AdvisorNet Financial Inc now owns 9,525 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 7,102 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Morgan Stanley by 14.4% in the fourth quarter. Pzena Investment Management LLC now owns 9,262,583 shares of the financial services provider’s stock worth $367,261,000 after acquiring an additional 1,163,498 shares during the last quarter. Finally, Doyle Wealth Management bought a new position in shares of Morgan Stanley in the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Shares of NYSE:MS traded down $0.67 on Monday, hitting $40.81. 13,993,852 shares of the company were exchanged, compared to its average volume of 14,569,795. Morgan Stanley has a one year low of $36.74 and a one year high of $59.38. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $71.35 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.72 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.94%. Morgan Stanley’s dividend payout ratio (DPR) is currently 26.03%.
Morgan Stanley Company Profile
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 Institutional Securities, Wealth Management, and Investment Management segments.
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