Equities analysts forecast that Morgan Stanley (NYSE:MS) will report earnings per share (EPS) of $0.84 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Morgan Stanley’s earnings. The highest EPS estimate is $0.88 and the lowest is $0.79. Morgan Stanley posted earnings of $0.80 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is scheduled to announce its next earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Morgan Stanley will report full-year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.58. For the next year, analysts anticipate that the firm will post earnings of $3.98 per share, with EPS estimates ranging from $3.66 to $4.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Morgan Stanley.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share.

MS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, May 18th. Rafferty Capital Markets reiterated a “buy” rating and issued a $50.00 target price on shares of Morgan Stanley in a research note on Saturday, April 22nd. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, May 23rd. Instinet reiterated a “buy” rating and issued a $50.00 target price (down previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, June 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $50.00 price target on shares of Morgan Stanley in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.02.

In related news, CFO Jonathan Pruzan sold 25,767 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total value of $1,202,803.56. Following the transaction, the chief financial officer now directly owns 196,708 shares in the company, valued at $9,182,329.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the transaction, the chairman now owns 1,602,609 shares in the company, valued at $75,739,301.34. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MS. Global Financial Private Capital LLC boosted its position in Morgan Stanley by 22.2% in the second quarter. Global Financial Private Capital LLC now owns 45,645 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 8,282 shares during the period. Veritable L.P. boosted its position in Morgan Stanley by 6.7% in the second quarter. Veritable L.P. now owns 54,898 shares of the financial services provider’s stock valued at $2,446,000 after buying an additional 3,446 shares during the period. Epoch Investment Partners Inc. boosted its position in Morgan Stanley by 92.0% in the second quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock valued at $430,175,000 after buying an additional 4,625,783 shares during the period. Ally Financial Inc. boosted its position in Morgan Stanley by 3.1% in the second quarter. Ally Financial Inc. now owns 48,000 shares of the financial services provider’s stock valued at $2,139,000 after buying an additional 1,421 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Morgan Stanley by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,988,071 shares of the financial services provider’s stock valued at $445,088,000 after buying an additional 310,430 shares during the period. Institutional investors own 85.67% of the company’s stock.

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Shares of Morgan Stanley (NYSE MS) traded down 1.40% during mid-day trading on Friday, reaching $45.65. 13,505,797 shares of the company’s stock were exchanged. The company has a market cap of $83.84 billion, a PE ratio of 13.08 and a beta of 1.63. Morgan Stanley has a 52-week low of $29.31 and a 52-week high of $48.90. The company’s 50-day moving average price is $46.14 and its 200 day moving average price is $44.39.

Morgan Stanley announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 27th. Morgan Stanley’s dividend payout ratio is presently 28.65%.

Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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

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