Morgan Stanley (MS) Expected to Post Earnings of $0.86 Per Share

Wall Street analysts predict that Morgan Stanley (NYSE:MS) will report earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Morgan Stanley’s earnings, with estimates ranging from $0.83 to $0.90. Morgan Stanley reported earnings per share of $0.75 in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, July 19th.

According to Zacks, analysts expect that Morgan Stanley will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.60. For the next fiscal year, analysts forecast that the business will report earnings of $3.80 per share, with EPS estimates ranging from $3.60 to $4.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Morgan Stanley.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. Morgan Stanley had a net margin of 15.76% and a return on equity of 8.48%. The business earned $9.75 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year.

Several research firms recently issued reports on MS. Zacks Investment Research lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Vining Sparks raised shares of Morgan Stanley to a “strong-buy” rating and set a $51.00 target price for the company in a report on Thursday. Vetr lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $40.50 target price for the company. in a report on Wednesday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Morgan Stanley in a report on Tuesday, March 14th. Finally, Deutsche Bank AG raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.49 to $47.00 in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.93.

Morgan Stanley (NYSE:MS) traded down 1.65% during mid-day trading on Tuesday, reaching $41.80. 12,943,150 shares of the company were exchanged. The stock has a 50-day moving average price of $43.61 and a 200 day moving average price of $41.14. The company has a market capitalization of $78.01 billion, a PE ratio of 14.31 and a beta of 1.80. Morgan Stanley has a one year low of $23.11 and a one year high of $47.33. Morgan Stanley also saw unusually large options trading activity on Wednesday. Stock traders purchased 9,738 put options on the stock. This is an increase of 305% compared to the average daily volume of 2,405 put options.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, April 27th. This represents a $0.80 annualized dividend and a yield of 1.91%. Morgan Stanley’s payout ratio is presently 27.40%.

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In related news, President Thomas Colm Kelleher sold 182,027 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $43.82, for a total transaction of $7,976,423.14. Following the sale, the president now owns 836,809 shares in the company, valued at approximately $36,668,970.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul C. Wirth sold 12,481 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $46.04, for a total value of $574,625.24. Following the sale, 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. Insiders have sold a total of 204,508 shares of company stock worth $8,993,548 in the last 90 days. 0.35% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in MS. State Street Corp raised its stake in Morgan Stanley by 4.2% in the fourth quarter. State Street Corp now owns 162,752,027 shares of the financial services provider’s stock valued at $6,876,272,000 after buying an additional 6,517,260 shares during the last quarter. ValueAct Holdings L.P. raised its stake in Morgan Stanley by 10.3% in the third quarter. ValueAct Holdings L.P. now owns 41,900,000 shares of the financial services provider’s stock valued at $1,343,314,000 after buying an additional 3,900,000 shares during the last quarter. FMR LLC raised its stake in Morgan Stanley by 43.5% in the fourth quarter. FMR LLC now owns 39,529,310 shares of the financial services provider’s stock valued at $1,670,114,000 after buying an additional 11,986,512 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Morgan Stanley during the third quarter valued at $311,936,000. Finally, Dimensional Fund Advisors LP raised its stake in Morgan Stanley by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,282,631 shares of the financial services provider’s stock valued at $392,193,000 after buying an additional 974,920 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.

About Morgan Stanley

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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