$9.54 Billion in Sales Expected for Morgan Stanley (NYSE:MS) This Quarter

Equities research analysts forecast that Morgan Stanley (NYSE:MS) will announce sales of $9.54 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Morgan Stanley’s earnings. The highest sales estimate is $9.55 billion and the lowest is $9.54 billion. Morgan Stanley reported sales of $10.24 billion in the same quarter last year, which suggests a negative year over year growth rate of 6.8%. The business is scheduled to report its next quarterly earnings report on Thursday, July 16th.

On average, analysts expect that Morgan Stanley will report full year sales of $37.76 billion for the current fiscal year, with estimates ranging from $37.39 billion to $38.13 billion. For the next financial year, analysts anticipate that the company will report sales of $40.43 billion, with estimates ranging from $40.36 billion to $40.51 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Morgan Stanley.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.06). Morgan Stanley had a return on equity of 10.62% and a net margin of 16.01%. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the company posted $1.33 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year.

Several research analysts have weighed in on MS shares. Barclays reissued a “hold” rating and issued a $55.00 price objective on shares of Morgan Stanley in a research report on Thursday, April 9th. UBS Group upped their price target on Morgan Stanley from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 7th. Oppenheimer upped their price target on Morgan Stanley from $46.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, ValuEngine raised Morgan Stanley from a “strong sell” rating to a “sell” rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.39.

In related news, Director Stephen J. Luczo bought 19,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of $38.68 per share, for a total transaction of $734,920.00. Following the acquisition, the director now directly owns 193,121 shares of the company’s stock, valued at approximately $7,469,920.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey S. Brodsky sold 18,174 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $40.57, for a total value of $737,319.18. Following the sale, the insider now owns 141,863 shares of the company’s stock, valued at $5,755,381.91. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in Morgan Stanley by 1.9% in the 1st quarter. Invesco Ltd. now owns 21,558,542 shares of the financial services provider’s stock worth $732,991,000 after buying an additional 407,389 shares during the period. Geode Capital Management LLC lifted its holdings in Morgan Stanley by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 18,264,111 shares of the financial services provider’s stock worth $931,655,000 after buying an additional 65,726 shares during the period. Nuveen Asset Management LLC lifted its holdings in Morgan Stanley by 9.5% in the 4th quarter. Nuveen Asset Management LLC now owns 16,266,898 shares of the financial services provider’s stock worth $831,564,000 after buying an additional 1,412,864 shares during the period. Bank of New York Mellon Corp lifted its holdings in Morgan Stanley by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 14,115,011 shares of the financial services provider’s stock worth $479,909,000 after buying an additional 378,804 shares during the period. Finally, Norges Bank purchased a new stake in Morgan Stanley in the 4th quarter worth approximately $675,692,000. Institutional investors own 87.00% of the company’s stock.

MS stock traded down $1.74 during midday trading on Friday, hitting $47.05. The company’s stock had a trading volume of 20,080,160 shares, compared to its average volume of 13,421,434. The stock’s 50-day moving average price is $44.02 and its 200 day moving average price is $45.43. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.48. Morgan Stanley has a 1 year low of $27.20 and a 1 year high of $57.57. The stock has a market cap of $74.13 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.26 and a beta of 1.49.

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

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