Zacks: Analysts Expect Morgan Stanley (MS) to Announce $1.28 Earnings Per Share

Equities research analysts predict that Morgan Stanley (NYSE:MS) will post $1.28 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Morgan Stanley’s earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $1.35. Morgan Stanley posted earnings per share of $1.00 in the same quarter last year, which would suggest a positive year-over-year growth rate of 28%. The company is expected to report its next earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Morgan Stanley will report full year earnings of $4.51 per share for the current fiscal year, with EPS estimates ranging from $4.29 to $4.80. For the next financial year, analysts forecast that the business will report earnings of $4.91 per share, with EPS estimates ranging from $4.56 to $5.25. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Morgan Stanley.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. The firm had revenue of $9.50 billion during 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 business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share.

Several research analysts have recently commented on MS shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 target price on shares of Morgan Stanley in a research note on Friday, December 22nd. 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 Monday, December 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Morgan Stanley in a research note on Monday, November 20th. Buckingham Research lifted 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, Credit Suisse Group upgraded Morgan Stanley to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Morgan Stanley has an average rating of “Buy” and a consensus price target of $54.07.

Morgan Stanley (MS) opened at $52.14 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $94,260.00, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54. Morgan Stanley has a one year low of $40.06 and a one year high of $58.05.

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

In related news, insider Keishi Hotsuki sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $189,766.50. Following the completion of 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. Insiders own 0.35% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exane Derivatives raised its holdings in Morgan Stanley by 303.9% in the 4th quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,489 shares in the last quarter. Invictus RG raised its holdings in Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,762 shares in the last quarter. Rational Advisors LLC acquired a new position in Morgan Stanley in the 3rd quarter valued at $116,000. Zions Bancorporation raised its holdings in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,571 shares in the last quarter. Finally, WFG Advisors LP raised its holdings in Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares in the last quarter. 86.63% of the stock is owned by hedge funds and other institutional investors.

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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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