Equities research analysts predict that Morgan Stanley (NYSE:MS) will post $1.03 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Morgan Stanley’s earnings. The lowest EPS estimate is $0.96 and the highest is $1.18. Morgan Stanley posted earnings per share of $0.93 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to issue its next quarterly earnings report on Tuesday, October 16th.

On average, analysts expect that Morgan Stanley will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $4.95. For the next financial year, analysts anticipate that the company will report earnings of $5.10 per share, with EPS estimates ranging from $4.72 to $5.40. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Morgan Stanley.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.19. The company had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.05 billion. Morgan Stanley had a net margin of 15.84% and a return on equity of 12.04%. Morgan Stanley’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share.

MS has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 price objective on shares of Morgan Stanley in a research note on Monday, September 10th. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. ValuEngine downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Sanford C. Bernstein raised shares of Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price objective for the company in a research note on Wednesday, July 18th. Finally, Societe Generale reissued a “$49.85” rating and issued a $56.00 price objective on shares of Morgan Stanley in a research note on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Morgan Stanley has an average rating of “Hold” and a consensus target price of $59.53.

In other news, major shareholder Stanley Morgan sold 327 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were 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 can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal London Asset Management Ltd. purchased a new stake in Morgan Stanley in the second quarter valued at $25,224,000. Schroder Investment Management Group boosted its holdings in Morgan Stanley by 68.2% in the second quarter. Schroder Investment Management Group now owns 216,942 shares of the financial services provider’s stock valued at $10,476,000 after purchasing an additional 87,937 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Morgan Stanley by 20.6% in the second quarter. Advisors Asset Management Inc. now owns 27,414 shares of the financial services provider’s stock valued at $1,299,000 after purchasing an additional 4,687 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new stake in Morgan Stanley in the second quarter valued at $534,000. Finally, Andra AP fonden boosted its holdings in Morgan Stanley by 19.9% in the second quarter. Andra AP fonden now owns 105,500 shares of the financial services provider’s stock valued at $5,001,000 after purchasing an additional 17,500 shares during the last quarter. 84.40% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MS traded down $0.01 during trading hours on Friday, reaching $48.27. The company’s stock had a trading volume of 302,090 shares, compared to its average volume of 8,135,344. The company has a market capitalization of $84.73 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. Morgan Stanley has a 12 month low of $46.28 and a 12 month high of $59.38. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.67.

Morgan Stanley declared that its Board of Directors has initiated a share repurchase program on Thursday, June 28th that allows the company to buyback $4.70 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 5.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Morgan Stanley Company Profile

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 three segments: Institutional Securities, Wealth Management, and Investment Management.

See Also: Leveraged Buyout (LBO)

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

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