Brokerages Anticipate Morgan Stanley (MS) Will Announce Earnings of $1.00 Per Share

Brokerages expect Morgan Stanley (NYSE:MS) to report earnings of $1.00 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Morgan Stanley’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $1.12. Morgan Stanley reported earnings per share of $0.84 during the same quarter last year, which indicates a positive year-over-year growth rate of 19%. The company is scheduled to announce its next earnings report on Thursday, January 17th.

On average, analysts expect that Morgan Stanley will report full year earnings of $4.93 per share for the current year, with EPS estimates ranging from $4.80 to $5.05. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.18 per share, with EPS estimates ranging from $4.80 to $5.40. Zacks’ EPS averages are an average based on a survey of analysts that cover Morgan Stanley.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same quarter last year, the firm earned $0.93 EPS. Morgan Stanley’s revenue for the quarter was up 7.3% compared to the same quarter last year.

MS has been the subject of several analyst reports. Oppenheimer upgraded Morgan Stanley to an “outperform” rating and set a $62.00 target price for the company in a research report on Tuesday, October 16th. Sanford C. Bernstein upgraded Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 target price for the company in a research report on Wednesday, July 18th. UBS Group upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research report on Tuesday, October 2nd. Finally, Vining Sparks restated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $58.82.

Shares of Morgan Stanley stock traded down $0.18 during midday trading on Thursday, hitting $46.43. 9,484,122 shares of the company were exchanged, compared to its average volume of 9,917,547. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.83. The company has a market capitalization of $79.77 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. Morgan Stanley has a 52 week low of $42.88 and a 52 week high of $59.38.

Morgan Stanley declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 18th that allows the company to repurchase $4.70 billion in shares. This repurchase authorization allows the financial services provider to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a $0.30 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.58%. Morgan Stanley’s payout ratio is 33.33%.

In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total value of $7,521,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MS. Renaissance Technologies LLC bought a new position in Morgan Stanley in the 2nd quarter valued at $172,096,000. BlackRock Inc. raised its position in Morgan Stanley by 3.1% in the 2nd quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock valued at $5,171,848,000 after purchasing an additional 3,264,493 shares during the last quarter. FMR LLC raised its position in Morgan Stanley by 4.4% in the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after purchasing an additional 1,936,093 shares during the last quarter. Natixis raised its position in Morgan Stanley by 978.3% in the 2nd quarter. Natixis now owns 1,574,873 shares of the financial services provider’s stock valued at $74,649,000 after purchasing an additional 1,428,824 shares during the last quarter. Finally, ValueAct Holdings L.P. raised its position in Morgan Stanley by 4.2% in the 2nd quarter. ValueAct Holdings L.P. now owns 18,709,620 shares of the financial services provider’s stock valued at $886,836,000 after purchasing an additional 750,000 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

About Morgan Stanley

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 Institutional Securities, Wealth Management, and Investment Management segments.

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