Morgan Stanley (NYSE:MS) Expected to Announce Quarterly Sales of $13.46 Billion

Wall Street brokerages expect Morgan Stanley (NYSE:MS) to announce $13.46 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Morgan Stanley’s earnings, with estimates ranging from $13.14 billion to $13.81 billion. Morgan Stanley posted sales of $11.66 billion during the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, October 14th.

On average, analysts expect that Morgan Stanley will report full year sales of $57.44 billion for the current fiscal year, with estimates ranging from $56.93 billion to $57.79 billion. For the next year, analysts anticipate that the business will report sales of $57.31 billion, with estimates ranging from $56.81 billion to $57.99 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Morgan Stanley.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 14th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. Morgan Stanley had a net margin of 23.89% and a return on equity of 14.86%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the firm earned $1.96 earnings per share. Morgan Stanley’s quarterly revenue was up 10.0% on a year-over-year basis.

Several equities research analysts have weighed in on MS shares. Royal Bank of Canada lifted their price target on shares of Morgan Stanley from $82.00 to $97.00 and gave the company an “outperform” rating in a research note on Wednesday, July 7th. Argus lifted their price target on shares of Morgan Stanley from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 16th. BMO Capital Markets lifted their price target on shares of Morgan Stanley from $97.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, July 16th. Citigroup lifted their price target on shares of Morgan Stanley from $88.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, July 19th. They noted that the move was a valuation call. Finally, Seaport Global Securities downgraded shares of Morgan Stanley from a “buy” rating to a “neutral” rating in a research note on Friday, August 13th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $95.74.

In related news, insider Andrew M. Saperstein sold 11,465 shares of the company’s stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $92.97, for a total transaction of $1,065,901.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sharon Yeshaya sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 21st. The stock was sold at an average price of $95.64, for a total transaction of $239,100.00. Following the sale, the chief financial officer now directly owns 24,895 shares in the company, valued at approximately $2,380,957.80. The disclosure for this sale can be found here. In the last three months, insiders sold 25,430 shares of company stock worth $2,370,902. Insiders own 0.23% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MS. Total Clarity Wealth Management Inc. bought a new position in shares of Morgan Stanley in the 1st quarter worth $31,000. Avantax Planning Partners Inc. bought a new position in shares of Morgan Stanley in the 1st quarter worth $255,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Morgan Stanley by 21.0% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 407,130 shares of the financial services provider’s stock worth $31,618,000 after buying an additional 70,725 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Morgan Stanley in the 1st quarter valued at $51,000. Finally, Scotia Capital Inc. boosted its stake in shares of Morgan Stanley by 72.6% in the 1st quarter. Scotia Capital Inc. now owns 99,100 shares of the financial services provider’s stock valued at $7,696,000 after purchasing an additional 41,672 shares in the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.

NYSE MS traded down $4.08 during mid-day trading on Friday, reaching $97.67. 699,033 shares of the stock were exchanged, compared to its average volume of 10,121,735. Morgan Stanley has a one year low of $45.86 and a one year high of $105.81. The stock has a 50 day simple moving average of $99.90 and a 200-day simple moving average of $90.33. The stock has a market cap of $178.20 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.20 and a beta of 1.56. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.74 and a quick ratio of 0.74.

Morgan Stanley announced that its board has initiated a stock repurchase plan on Monday, June 28th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Friday, July 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, July 29th. Morgan Stanley’s payout ratio is presently 42.55%.

About Morgan Stanley

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following 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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