Morgan Stanley (NYSE:MS) Expected to Post Quarterly Sales of $9.98 Billion

Brokerages forecast that Morgan Stanley (NYSE:MS) will post $9.98 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Morgan Stanley’s earnings, with the lowest sales estimate coming in at $9.81 billion and the highest estimate coming in at $10.09 billion. Morgan Stanley posted sales of $10.61 billion in the same quarter last year, which suggests a negative year over year growth rate of 5.9%. The business is scheduled to issue its next earnings report before the market opens on Thursday, July 18th.

On average, analysts expect that Morgan Stanley will report full-year sales of $39.20 billion for the current year, with estimates ranging from $38.57 billion to $39.63 billion. For the next year, analysts forecast that the business will report sales of $40.00 billion, with estimates ranging from $38.46 billion to $40.90 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Morgan Stanley.

Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. Morgan Stanley had a return on equity of 11.45% and a net margin of 16.75%. The business had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. During the same period in the prior year, the business earned $1.45 EPS. Morgan Stanley’s revenue for the quarter was down 7.1% compared to the same quarter last year.

Several equities analysts recently weighed in on MS shares. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Oppenheimer set a $15.00 target price on shares of Strongbridge Biopharma and gave the company a “buy” rating in a research note on Tuesday, March 26th. BMO Capital Markets decreased their target price on shares of Pentair to $39.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. HSBC reissued a “hold” rating on shares of Societe Generale in a research note on Thursday, April 4th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $56.27.

NYSE MS traded down $0.62 during trading hours on Friday, reaching $43.81. 396,804 shares of the company’s stock were exchanged, compared to its average volume of 8,568,234. The business’s 50-day moving average price is $43.22. Morgan Stanley has a one year low of $36.74 and a one year high of $51.53. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $74.46 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31.

In other news, insider Daniel A. Simkowitz bought 7,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was bought at an average price of $47.57 per share, with a total value of $332,990.00. Following the completion of the acquisition, the insider now owns 193,089 shares of the company’s stock, valued at $9,185,243.73. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of MS. Nalls Sherbakoff Group LLC acquired a new stake in shares of Morgan Stanley during the fourth quarter worth $28,000. Liberty Wealth Management LLC acquired a new stake in shares of Morgan Stanley during the fourth quarter worth $29,000. IMA Wealth Inc. acquired a new stake in shares of Morgan Stanley during the first quarter worth $31,000. Citizens Financial Group Inc RI lifted its holdings in shares of Morgan Stanley by 46.2% during the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after buying an additional 245 shares in the last quarter. Finally, Destination Wealth Management raised its stake in Morgan Stanley by 38.7% in the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares in the last quarter. 83.87% of the stock is owned by institutional investors.

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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