FY2019 EPS Estimates for Morgan Stanley (MS) Lowered by Oppenheimer

Morgan Stanley (NYSE:MS) – Equities research analysts at Oppenheimer cut their FY2019 earnings per share (EPS) estimates for Morgan Stanley in a research note issued on Sunday, December 2nd. Oppenheimer analyst C. Kotowski now expects that the financial services provider will earn $5.16 per share for the year, down from their previous estimate of $5.17. Oppenheimer has a “Outperform” rating and a $62.00 price target on the stock.

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

MS has been the topic of several other research reports. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $56.00 to $60.00 in a report on Wednesday, October 24th. HSBC cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a report on Tuesday, October 2nd. UBS Group raised Morgan Stanley from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $62.00 price target on shares of Morgan Stanley in a research note on Monday, September 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.53.

Shares of MS stock opened at $42.61 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67. The firm has a market cap of $74.17 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.74 and a beta of 1.25. Morgan Stanley has a 52 week low of $40.98 and a 52 week high of $59.38.

Large investors have recently added to or reduced their stakes in the business. Westbourne Investment Advisors Inc. lifted its stake in Morgan Stanley by 28.3% in the third quarter. Westbourne Investment Advisors Inc. now owns 35,205 shares of the financial services provider’s stock valued at $1,639,000 after buying an additional 7,770 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Morgan Stanley in the second quarter valued at about $2,021,000. Cambridge Investment Research Advisors Inc. lifted its stake in Morgan Stanley by 23.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,813 shares of the financial services provider’s stock valued at $2,693,000 after buying an additional 10,807 shares during the period. Regentatlantic Capital LLC lifted its stake in Morgan Stanley by 8.8% in the third quarter. Regentatlantic Capital LLC now owns 154,738 shares of the financial services provider’s stock valued at $7,206,000 after buying an additional 12,562 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in Morgan Stanley by 12.0% in the third quarter. CENTRAL TRUST Co now owns 32,798 shares of the financial services provider’s stock valued at $1,527,000 after buying an additional 3,507 shares during the period. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 33.33%.

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

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