Q3 2024 Earnings Estimate for Morgan Stanley (NYSE:MS) Issued By Zacks Research

Morgan Stanley (NYSE:MS) – Equities researchers at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for Morgan Stanley in a research note issued on Tuesday, April 30th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $1.61 per share for the quarter, up from their prior estimate of $1.56. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.78 per share. Zacks Research also issued estimates for Morgan Stanley’s FY2024 earnings at $6.74 EPS, Q1 2025 earnings at $1.93 EPS, Q2 2025 earnings at $1.95 EPS, Q3 2025 earnings at $1.90 EPS, Q4 2025 earnings at $1.71 EPS and FY2025 earnings at $7.48 EPS.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. The company had revenue of $15.14 billion for the quarter, compared to analyst estimates of $14.42 billion. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share.

Several other equities analysts have also issued reports on the company. Cfra upped their price target on Morgan Stanley from $97.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Bank of America upped their price target on Morgan Stanley from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. TheStreet raised Morgan Stanley from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. Oppenheimer upped their price target on Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, HSBC upped their price target on Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Morgan Stanley has an average rating of “Hold” and an average target price of $98.30.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $93.64 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.75 and a current ratio of 0.75. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57. The firm has a market cap of $152.32 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.74 and a beta of 1.41. The business’s fifty day moving average is $90.16 and its two-hundred day moving average is $85.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. CGC Financial Services LLC lifted its position in shares of Morgan Stanley by 5,200.0% in the fourth quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after buying an additional 260 shares during the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc lifted its position in shares of Morgan Stanley by 77.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock valued at $27,000 after buying an additional 143 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $34,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Morgan Stanley by 123.2% in the third quarter. VisionPoint Advisory Group LLC now owns 442 shares of the financial services provider’s stock valued at $36,000 after buying an additional 244 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Andrew M. Saperstein sold 26,655 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $87.19, for a total transaction of $2,324,049.45. Following the completion of the transaction, the insider now directly owns 286,835 shares in the company, valued at $25,009,143.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Morgan Stanley news, insider Andrew M. Saperstein sold 26,655 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $87.19, for a total value of $2,324,049.45. Following the completion of the transaction, the insider now directly owns 286,835 shares in the company, valued at $25,009,143.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the completion of the transaction, the chairman now owns 414,870 shares of the company’s stock, valued at $37,425,422.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 237,855 shares of company stock worth $21,084,057. 0.24% of the stock is owned by corporate insiders.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.63%. Morgan Stanley’s payout ratio is presently 61.93%.

Morgan Stanley Company Profile

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.