Morgan Stanley (NYSE:MS) to Post Q4 2019 Earnings of $0.95 Per Share, Oppenheimer Forecasts

Morgan Stanley (NYSE:MS) – Oppenheimer boosted their Q4 2019 earnings per share (EPS) estimates for Morgan Stanley in a research note issued on Thursday, October 17th. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will earn $0.95 per share for the quarter, up from their prior forecast of $0.89. Oppenheimer has a “Buy” rating and a $65.00 price objective on the stock. Oppenheimer also issued estimates for Morgan Stanley’s Q1 2020 earnings at $1.45 EPS, Q2 2020 earnings at $1.31 EPS, Q3 2020 earnings at $1.31 EPS and Q4 2020 earnings at $1.09 EPS.

Several other brokerages have also recently weighed in on MS. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $52.00 in a research note on Friday, July 12th. UBS Group reaffirmed a “buy” rating and set a $53.00 target price on shares of Morgan Stanley in a research note on Thursday, October 17th. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine raised Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, TheStreet raised Morgan Stanley from a “c+” rating to a “b-” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.62.

Shares of NYSE MS opened at $45.38 on Monday. The business’s 50 day moving average is $42.74 and its two-hundred day moving average is $43.52. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $48.67. The stock has a market capitalization of $72.16 billion, a P/E ratio of 9.84, a PEG ratio of 1.22 and a beta of 1.35.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. Morgan Stanley had a return on equity of 10.91% and a net margin of 15.99%. The company had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $9.63 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC boosted its holdings in shares of Morgan Stanley by 79.3% in the third quarter. Essex Investment Management Co. LLC now owns 159,410 shares of the financial services provider’s stock valued at $6,802,000 after purchasing an additional 70,523 shares during the period. Convergence Investment Partners LLC lifted its holdings in Morgan Stanley by 93.1% during the third quarter. Convergence Investment Partners LLC now owns 83,179 shares of the financial services provider’s stock worth $3,549,000 after buying an additional 40,105 shares during the period. 6 Meridian lifted its holdings in Morgan Stanley by 7.5% during the third quarter. 6 Meridian now owns 194,049 shares of the financial services provider’s stock worth $8,280,000 after buying an additional 13,621 shares during the period. Regentatlantic Capital LLC lifted its holdings in Morgan Stanley by 4.2% during the third quarter. Regentatlantic Capital LLC now owns 162,361 shares of the financial services provider’s stock worth $6,928,000 after buying an additional 6,577 shares during the period. Finally, World Asset Management Inc lifted its holdings in Morgan Stanley by 1.9% during the third quarter. World Asset Management Inc now owns 84,324 shares of the financial services provider’s stock worth $3,598,000 after buying an additional 1,597 shares during the period. Hedge funds and other institutional investors own 83.68% of the company’s stock.

In other Morgan Stanley news, major shareholder Ufj Financial Group Mitsubishi bought 210,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of $1.02 per share, with a total value of $214,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 420,000 shares of company stock worth $426,300. Insiders own 0.23% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.09%. Morgan Stanley’s dividend payout ratio is 30.37%.

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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Earnings History and Estimates for Morgan Stanley (NYSE:MS)

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