Morgan Stanley (MS) Set to Announce Earnings on Thursday
Morgan Stanley (NYSE:MS) will be releasing its earnings data before the market opens on Thursday, January 18th. Analysts expect Morgan Stanley to post earnings of $0.81 per share for the quarter.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts expect Morgan Stanley to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Morgan Stanley (NYSE MS) opened at $54.60 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $55.98. The firm has a market cap of $98,710.00, a PE ratio of 15.08, a PEG ratio of 0.91 and a beta of 1.65.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now directly owns 692,037 shares in the company, valued at approximately $35,010,151.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the transaction, the director now owns 14,218 shares in the company, valued at $700,805.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,850 shares of company stock worth $3,463,367. 0.24% of the stock is owned by corporate insiders.
Several research firms have recently weighed in on MS. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday, December 11th. Societe Generale lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays upped their target price on shares of Morgan Stanley from $52.00 to $62.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a report on Monday, January 8th. Finally, Buckingham Research upped their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Morgan Stanley presently has an average rating of “Buy” and an average target price of $53.07.
About Morgan Stanley
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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