Wall Street analysts predict that Morgan Stanley (NYSE:MS) will report $9.74 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Morgan Stanley’s earnings, with the highest sales estimate coming in at $10.16 billion and the lowest estimate coming in at $9.41 billion. Morgan Stanley posted sales of $9.87 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 15th.
According to Zacks, analysts expect that Morgan Stanley will report full year sales of $39.20 billion for the current financial year, with estimates ranging from $38.57 billion to $39.63 billion. For the next year, analysts expect that the company will post sales of $40.00 billion, with estimates ranging from $38.46 billion to $40.90 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Morgan Stanley.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.10. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.02 billion. Morgan Stanley had a return on equity of 11.10% and a net margin of 16.06%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share.
A number of equities research analysts have weighed in on MS shares. HSBC restated a “hold” rating on shares of Societe Generale in a research report on Thursday, April 4th. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Royal Bank of Canada set a GBX 5,200 ($67.95) target price on London Stock Exchange Group and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.50.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Springhouse Capital Management LP acquired a new position in shares of Morgan Stanley in the fourth quarter worth $8,069,000. Tyers Asset Management LLC increased its stake in shares of Morgan Stanley by 125.6% in the first quarter. Tyers Asset Management LLC now owns 81,840 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 45,562 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Morgan Stanley by 0.6% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 115,414 shares of the financial services provider’s stock worth $4,576,000 after acquiring an additional 735 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Morgan Stanley in the first quarter worth $827,000. Finally, Markston International LLC increased its stake in shares of Morgan Stanley by 3.8% in the first quarter. Markston International LLC now owns 213,191 shares of the financial services provider’s stock worth $8,997,000 after acquiring an additional 7,770 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE MS traded down $0.04 during midday trading on Friday, hitting $44.39. 10,079,133 shares of the company’s stock were exchanged, compared to its average volume of 8,690,180. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average is $43.34. The stock has a market cap of $74.67 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 1.17 and a beta of 1.31. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $51.53.
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 through Institutional Securities, Wealth Management, and Investment Management segments.
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