Morgan Stanley (NYSE:MS) Expected to Announce Quarterly Sales of $14.38 Billion

Equities research analysts expect that Morgan Stanley (NYSE:MSGet Rating) will post sales of $14.38 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Morgan Stanley’s earnings, with the highest sales estimate coming in at $14.82 billion and the lowest estimate coming in at $14.03 billion. Morgan Stanley posted sales of $14.76 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Morgan Stanley will report full-year sales of $58.03 billion for the current financial year, with estimates ranging from $57.46 billion to $58.60 billion. For the next financial year, analysts forecast that the business will post sales of $60.89 billion, with estimates ranging from $60.16 billion to $62.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Morgan Stanley.

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

MS has been the subject of a number of research analyst reports. Odeon Capital Group cut Morgan Stanley from a “buy” rating to a “hold” rating in a report on Friday, January 28th. UBS Group increased their target price on Morgan Stanley from $119.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. Barclays increased their target price on Morgan Stanley from $110.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, January 3rd. Piper Sandler reduced their target price on Morgan Stanley from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 5th. Finally, The Goldman Sachs Group set a $105.00 target price on Morgan Stanley in a report on Wednesday, April 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.71.

Morgan Stanley stock opened at $84.74 on Monday. The stock has a market capitalization of $148.82 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46. Morgan Stanley has a 12 month low of $78.29 and a 12 month high of $109.73. The business has a 50 day simple moving average of $89.49 and a 200-day simple moving average of $96.62. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Friday, April 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, April 28th. Morgan Stanley’s dividend payout ratio (DPR) is presently 35.62%.

In other news, insider Daniel A. Simkowitz sold 18,414 shares of the stock in a transaction on Monday, January 31st. The stock was sold at an average price of $102.56, for a total transaction of $1,888,539.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew M. Saperstein sold 17,162 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $105.70, for a total value of $1,814,023.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,990 shares of company stock valued at $5,563,298. Company insiders own 0.23% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Logan Capital Management Inc. raised its holdings in shares of Morgan Stanley by 6.7% in the 3rd quarter. Logan Capital Management Inc. now owns 37,977 shares of the financial services provider’s stock valued at $3,696,000 after buying an additional 2,391 shares during the period. TPI Fund Managers Ltd raised its holdings in shares of Morgan Stanley by 0.6% in the 3rd quarter. TPI Fund Managers Ltd now owns 184,680 shares of the financial services provider’s stock valued at $17,971,000 after buying an additional 1,121 shares during the period. Telos Capital Management Inc. raised its stake in shares of Morgan Stanley by 1.6% in the fourth quarter. Telos Capital Management Inc. now owns 132,277 shares of the financial services provider’s stock valued at $12,984,000 after acquiring an additional 2,107 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Morgan Stanley by 28.4% in the third quarter. First Republic Investment Management Inc. now owns 1,804,838 shares of the financial services provider’s stock valued at $175,629,000 after acquiring an additional 399,341 shares in the last quarter. Finally, Transcend Wealth Collective LLC raised its stake in shares of Morgan Stanley by 11.7% in the fourth quarter. Transcend Wealth Collective LLC now owns 48,116 shares of the financial services provider’s stock valued at $4,723,000 after acquiring an additional 5,038 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Morgan Stanley Company Profile (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.

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