Morgan Stanley (MS) Expected to Post Earnings of $0.86 Per Share
Wall Street analysts expect Morgan Stanley (NYSE:MS) to announce $0.86 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Morgan Stanley’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.90. Morgan Stanley posted earnings per share of $0.75 during the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The firm is expected to issue its next earnings results on Wednesday, July 19th.
On average, analysts expect that Morgan Stanley will report full year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.30 to $3.60. For the next financial year, analysts anticipate that the company will post earnings of $3.80 per share, with EPS estimates ranging from $3.60 to $4.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Morgan Stanley.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.10. Morgan Stanley had a return on equity of 8.48% and a net margin of 15.76%. The business earned $9.75 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the prior year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year.
MS has been the topic of a number of recent research reports. Barclays PLC boosted their price objective on Morgan Stanley from $35.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 3rd. Royal Bank of Canada reissued a “buy” rating and set a $50.00 price objective on shares of Morgan Stanley in a research note on Wednesday, January 4th. Citigroup Inc set a $42.00 price objective on Morgan Stanley and gave the stock a “neutral” rating in a research note on Tuesday, January 10th. Societe Generale raised Morgan Stanley from a “sell” rating to a “buy” rating in a research note on Wednesday, January 11th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Morgan Stanley in a research note on Thursday, January 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $40.93.
In other news, President Thomas Colm Kelleher sold 182,027 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $43.82, for a total value of $7,976,423.14. Following the transaction, the president now owns 836,809 shares in the company, valued at approximately $36,668,970.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul C. Wirth sold 12,481 shares of the stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $46.04, for a total value of $574,625.24. Following the completion of the transaction, the chief financial officer now owns 203,557 shares in the company, valued at approximately $9,371,764.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,508 shares of company stock worth $8,993,548. Company insiders own 0.35% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Manhattan Co. boosted its stake in shares of Morgan Stanley by 2.4% in the third quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock worth $137,000 after buying an additional 100 shares during the period. Trust Co. of Vermont boosted its stake in shares of Morgan Stanley by 24.6% in the third quarter. Trust Co. of Vermont now owns 4,597 shares of the financial services provider’s stock worth $147,000 after buying an additional 907 shares during the period. Parkwood LLC purchased a new stake in shares of Morgan Stanley during the third quarter worth about $294,000. IFC Holdings Incorporated FL boosted its stake in shares of Morgan Stanley by 3.4% in the third quarter. IFC Holdings Incorporated FL now owns 9,754 shares of the financial services provider’s stock worth $316,000 after buying an additional 325 shares during the period. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Morgan Stanley by 7.6% in the third quarter. Gateway Investment Advisers LLC now owns 1,219,325 shares of the financial services provider’s stock worth $39,092,000 after buying an additional 85,907 shares during the period. Institutional investors and hedge funds own 85.87% of the company’s stock.
Morgan Stanley (NYSE:MS) traded down 1.65% on Tuesday, reaching $41.80. The company’s stock had a trading volume of 12,943,150 shares. Morgan Stanley has a 12-month low of $23.11 and a 12-month high of $47.33. The firm has a 50-day moving average of $43.61 and a 200 day moving average of $41.14. The company has a market capitalization of $78.01 billion, a price-to-earnings ratio of 14.31 and a beta of 1.80. Morgan Stanley also saw unusually large options trading on Wednesday. Stock traders acquired 9,738 put options on the company. This is an increase of approximately 305% compared to the average volume of 2,405 put options.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be issued a $0.20 dividend. The ex-dividend date is Thursday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. Morgan Stanley’s payout ratio is currently 27.40%.
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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