Morgan Stanley (NYSE:MS) is expected to report quarterly sales of $14.38 billion
Equity research analysts expect Morgan Stanley (NYSE:MS – Get Rating) to report sales of $14.38 billion in the current quarter, according to Zacks Investment Research. Four analysts have released estimates for Morgan Stanley’s earnings, with the highest sales estimate at $14.82 billion and the lowest estimate at $14.03 billion. Morgan Stanley posted sales of $14.76 billion in the same quarter last year, which would indicate a negative growth rate of 2.6% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Morgan Stanley to report annual revenue of $58.03 billion for the current fiscal year, with estimates ranging from $57.46 billion to $58.60 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $60.89 billion, with estimates ranging from $60.16 billion to $62.38 billion. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side research analysts who track Morgan Stanley.
Morgan Stanley (NYSE:MS – Get Rating) last released quarterly earnings data on Thursday, April 14. The financial services provider reported EPS of $2.02 for the quarter, beating the Zacks consensus estimate of $1.69 by $0.33. The company posted revenue of $14.80 billion in the quarter, compared to $14.16 billion expected by analysts. Morgan Stanley had a return on equity of 15.03% and a net margin of 24.21%. The company’s revenues were down 5.8% from the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $2.22.
MS has been the subject of a number of reports by research analysts. Odeon Capital Group upgraded Morgan Stanley from a “buy” rating to a “hold” rating in a Friday, Jan. 28, report. UBS Group raised its price target on Morgan Stanley from $119.00 to $125.00 and gave the company a “buy” rating in a Tuesday, January 4, report. Barclays raised its price target on Morgan Stanley from $110.00 to $123.00 and gave the company an “overweight” rating in a Monday (January 3rd) report. Piper Sandler cut its price target on Morgan Stanley from $112.00 to $100.00 and set a “neutral” rating for the company in a Tuesday, April 5 report. Finally, the Goldman Sachs group set a target price of $105.00 on Morgan Stanley in a report on Wednesday, April 20. Thirteen equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.71.
Morgan Stanley shares opened Monday at $84.74. The stock has a market capitalization of $148.82 billion, a PE ratio of 10.78, a price-to-growth earnings ratio of 1.49 and a beta of 1.46. Morgan Stanley has a 12-month low of $78.29 and a 12-month high of $109.73. The company has a 50-day simple moving average of $89.49 and a 200-day simple moving average of $96.62. The company has a debt ratio of 2.36, a current ratio of 0.78 and a quick ratio of 0.78.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 13. Shareholders of record on Friday, April 29 will receive a dividend of $0.70. This represents an annualized dividend of $2.80 and a dividend yield of 3.30%. The ex-date of this dividend is Thursday, April 28. Morgan Stanley’s dividend payout ratio (DPR) is currently 35.62%.
Separately, insider Daniel A. Simkowitz sold 18,414 shares in a trade on Monday, January 31. The stock was sold at an average price of $102.56, for a total transaction of $1,888,539.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Andrew M. Saperstein sold 17,162 shares of the company in a trade on Tuesday, February 8. The shares were sold at an average price of $105.70, for a total value of $1,814,023.40. The disclosure of this sale can be found here. During the last quarter, insiders sold 53,990 shares of the company valued at $5,563,298. Insiders of the company own 0.23% of the shares of the company.
Hedge funds have recently been buying and selling stocks. Logan Capital Management Inc. increased its stake in Morgan Stanley shares by 6.7% in the third quarter. Logan Capital Management Inc. now owns 37,977 shares of the financial services provider valued at $3,696,000 after purchasing an additional 2,391 shares during the period. TPI Fund Managers Ltd increased its holdings of Morgan Stanley shares by 0.6% in the third quarter. TPI Fund Managers Ltd now owns 184,680 shares of the financial services provider valued at $17,971,000 after purchasing an additional 1,121 shares during the period. Telos Capital Management Inc. increased its stake in Morgan Stanley shares by 1.6% in the fourth quarter. Telos Capital Management Inc. now owns 132,277 shares of the financial services provider valued at $12,984,000 after acquiring 2,107 additional shares last quarter. First Republic Investment Management Inc. increased its stake in Morgan Stanley shares by 28.4% in the third quarter. First Republic Investment Management Inc. now owns 1,804,838 shares of the financial services provider valued at $175,629,000 after acquiring 399,341 additional shares last quarter. Finally, Transcend Wealth Collective LLC increased its stake in Morgan Stanley shares by 11.7% in the fourth quarter. Transcend Wealth Collective LLC now owns 48,116 shares of the financial services provider valued at $4,723,000 after acquiring 5,038 additional shares last quarter. Hedge funds and other institutional investors hold 83.79% of the company’s shares.
Morgan Stanley Company Profile (Get an assessment)
Morgan Stanley, a financial holding company, provides various financial products and services to businesses, governments, financial institutions and individuals in the Americas, Europe, the Middle East, Africa and Asia. It operates through Institutional Securities, Wealth Management and Investment Management segments.
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