Morgan Stanley (MS) Set to Announce Earnings on Tuesday

Morgan Stanley (NYSE:MS) will release its earnings data before the market opens on Tuesday, October 16th. Analysts expect Morgan Stanley to post earnings of $1.03 per share for the quarter.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $10.05 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, analysts expect Morgan Stanley to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE:MS opened at $47.02 on Tuesday. The stock has a market cap of $81.25 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.83 and a beta of 1.42. 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 has a 12 month low of $46.15 and a 12 month high of $59.38.

Morgan Stanley announced that its Board of Directors has approved a stock buyback program on Thursday, June 28th that permits the company to buyback $4.70 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

MS has been the subject of a number of recent research reports. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research note on Tuesday, October 2nd. Wolfe Research initiated coverage on Morgan Stanley in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. Zacks Investment Research lowered Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $62.00 target price on shares of Morgan Stanley in a research note on Monday, September 10th. Finally, ValuEngine lowered Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $59.22.

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

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Earnings History for Morgan Stanley (NYSE:MS)

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