Wall Street brokerages forecast that Morgan Stanley (NYSE:MS) will report $9.70 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Morgan Stanley’s earnings, with the highest sales estimate coming in at $9.75 billion and the lowest estimate coming in at $9.65 billion. Morgan Stanley posted sales of $9.20 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The company is expected to report its next earnings results on Tuesday, October 16th.

On average, analysts expect that Morgan Stanley will report full year sales of $41.06 billion for the current year, with estimates ranging from $41.01 billion to $41.11 billion. For the next fiscal year, analysts forecast that the company will post sales of $42.05 billion per share, with estimates ranging from $41.57 billion to $42.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Morgan Stanley.

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

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Tuesday, April 24th. ValuEngine cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research note on Tuesday, June 12th. Sanford C. Bernstein raised shares of Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price target for the company in a research note on Wednesday, July 18th. Finally, Societe Generale reaffirmed a “$49.85” rating and set a $56.00 price target on shares of Morgan Stanley in a research note on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $57.05.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Morgan Stanley by 406.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,869 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,500 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Morgan Stanley during the 1st quarter valued at $109,000. Perigon Wealth Management LLC acquired a new stake in Morgan Stanley during the 1st quarter valued at $113,000. CSat Investment Advisory L.P. acquired a new stake in Morgan Stanley during the 2nd quarter valued at $102,000. Finally, Rainier Group Investment Advisory LLC acquired a new stake in Morgan Stanley during the 1st quarter valued at $119,000. 85.87% of the stock is owned by institutional investors.

Shares of MS opened at $48.37 on Monday. The company has a market cap of $84.43 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. Morgan Stanley has a twelve month low of $43.84 and a twelve month high of $59.38. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.83 and a quick ratio of 0.83.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Monday, July 30th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.25. Morgan Stanley’s dividend payout ratio is presently 33.33%.

Morgan Stanley announced that its board has approved a stock repurchase plan on Thursday, June 28th that authorizes the company to repurchase $4.70 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.6% of its shares through open market purchases. Shares repurchase plans are generally 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.

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

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