Morgan Stanley Forecasted to Post Q2 2022 Earnings of $1.74 Per Share (NYSE:MS)

Morgan Stanley (NYSE:MSGet Rating) – Equities research analysts at Seaport Res Ptn lowered their Q2 2022 earnings estimates for shares of Morgan Stanley in a research report issued to clients and investors on Sunday, April 17th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $1.74 per share for the quarter, down from their prior forecast of $1.82. Seaport Res Ptn also issued estimates for Morgan Stanley’s Q2 2023 earnings at $2.09 EPS and Q3 2023 earnings at $2.03 EPS.

Morgan Stanley (NYSE:MSGet Rating) last released its earnings results on Thursday, April 14th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.33. Morgan Stanley had a return on equity of 15.03% and a net margin of 24.21%. The business had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the business posted $2.22 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis.

MS has been the subject of a number of other reports. StockNews.com initiated coverage on Morgan Stanley in a research report on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets raised their target price on Morgan Stanley from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group raised their target price on Morgan Stanley from $119.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 4th. Barclays raised their target price on Morgan Stanley from $110.00 to $123.00 and gave the stock an “overweight” rating in a research report on Monday, January 3rd. Finally, The Goldman Sachs Group set a $105.00 price target on Morgan Stanley and gave the company a “neutral” rating in a research report on Thursday, April 14th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $106.71.

NYSE:MS opened at $86.48 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day simple moving average of $90.89 and a two-hundred day simple moving average of $96.91. Morgan Stanley has a 1 year low of $76.25 and a 1 year high of $109.73. The company has a market capitalization of $151.87 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.98 and a beta of 1.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, April 28th. Morgan Stanley’s dividend payout ratio is 35.62%.

In other Morgan Stanley news, COO Jonathan Pruzan sold 18,414 shares of Morgan Stanley stock in a transaction dated Wednesday, January 26th. The stock was sold at an average price of $101.05, for a total transaction of $1,860,734.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew M. Saperstein sold 15,471 shares of Morgan Stanley stock in a transaction dated Thursday, January 20th. The stock was sold at an average price of $96.80, for a total value of $1,497,592.80. The disclosure for this sale can be found here. Insiders have sold 69,461 shares of company stock valued at $7,060,891 in the last three months. 0.23% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. JFS Wealth Advisors LLC lifted its stake in Morgan Stanley by 61.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 265 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new position in shares of Morgan Stanley in the fourth quarter worth about $29,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Morgan Stanley in the fourth quarter worth about $29,000. Vienna Asset Management LLC purchased a new position in shares of Morgan Stanley in the fourth quarter worth about $29,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Morgan Stanley in the fourth quarter worth about $29,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

About Morgan Stanley (Get Rating)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

See Also

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.