Brokerages Anticipate Morgan Stanley (NYSE:MS) Will Post Earnings of $1.22 Per Share

Equities analysts expect Morgan Stanley (NYSE:MS) to report earnings per share of $1.22 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Morgan Stanley’s earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.28. Morgan Stanley posted earnings per share of $1.17 during the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 15th.

According to Zacks, analysts expect that Morgan Stanley will report full-year earnings of $4.85 per share for the current year, with EPS estimates ranging from $4.65 to $5.00. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.22 per share, with EPS estimates ranging from $4.55 to $5.65. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Morgan Stanley.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.02 billion. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share.

Several equities analysts have issued reports on MS shares. Citigroup raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating and increased their price objective for the company from $48.00 to $52.00 in a report on Friday, July 12th. BMO Capital Markets set a $69.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada set a $60.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Morgan Stanley has an average rating of “Hold” and an average price target of $56.92.

MS traded up $0.23 during midday trading on Friday, hitting $41.50. 10,799,122 shares of the company traded hands, compared to its average volume of 10,109,330. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.80. The stock has a market cap of $67.04 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.32. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $50.42. The stock’s 50 day moving average price is $43.75.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.35 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, July 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 30.37%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Securities Inc. boosted its holdings in shares of Morgan Stanley by 308.5% during the fourth quarter. Comerica Securities Inc. now owns 84,676 shares of the financial services provider’s stock worth $3,357,000 after purchasing an additional 63,950 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Morgan Stanley by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,786,637 shares of the financial services provider’s stock worth $467,344,000 after purchasing an additional 154,165 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Morgan Stanley by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock worth $671,686,000 after purchasing an additional 956,583 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Morgan Stanley by 173.5% during the fourth quarter. Advisory Services Network LLC now owns 5,460 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 3,464 shares during the period. Finally, Liberty Wealth Management LLC purchased a new stake in shares of Morgan Stanley during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 83.85% 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 through Institutional Securities, Wealth Management, and Investment Management segments.

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