Morgan Stanley (MS) Expected to Post Earnings of $0.77 Per Share

Analysts predict that Morgan Stanley (NYSE:MS) will report $0.77 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Morgan Stanley’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.80. Morgan Stanley reported earnings of $0.81 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that Morgan Stanley will report full-year earnings of $3.58 per share for the current year, with EPS estimates ranging from $3.50 to $3.60. For the next fiscal year, analysts expect that the firm will report earnings of $4.13 per share, with EPS estimates ranging from $3.74 to $4.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Morgan Stanley.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS.

Several research analysts have commented on MS shares. Wells Fargo & Co set a $55.00 target price on Morgan Stanley and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday. JPMorgan Chase & Co. set a $53.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. Barclays raised their target price on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Berenberg Bank restated a “hold” rating and issued a $40.00 target price on shares of Morgan Stanley in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $52.34.

Morgan Stanley (NYSE MS) opened at $53.11 on Friday. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $54.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $96,020.00, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.08 and a beta of 1.65.

In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the transaction, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the transaction, the director now directly owns 14,218 shares in the company, valued at $700,805.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,247 shares of company stock worth $4,284,364. 0.35% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Omnia Family Wealth LLC increased its stake in Morgan Stanley by 5.8% in the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 134 shares during the period. Optimum Investment Advisors increased its stake in Morgan Stanley by 2.6% in the 2nd quarter. Optimum Investment Advisors now owns 11,674 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 301 shares during the period. Woodmont Investment Counsel LLC increased its stake in Morgan Stanley by 4.3% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 7,546 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 312 shares during the period. Financial Counselors Inc. increased its stake in Morgan Stanley by 6.7% in the 2nd quarter. Financial Counselors Inc. now owns 6,332 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 400 shares during the period. Finally, Courier Capital LLC increased its stake in Morgan Stanley by 1.6% in the 2nd quarter. Courier Capital LLC now owns 29,842 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 458 shares during the period. 85.49% of the stock is currently owned by institutional investors and hedge funds.

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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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