Zacks: Brokerages Anticipate Morgan Stanley (MS) Will Post Quarterly Sales of $10.45 Billion

Equities analysts expect Morgan Stanley (NYSE:MS) to post sales of $10.45 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Morgan Stanley’s earnings. The lowest sales estimate is $10.20 billion and the highest is $10.69 billion. Morgan Stanley reported sales of $9.75 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The business is expected to report its next earnings results before the market opens on Wednesday, April 18th.

According to Zacks, analysts expect that Morgan Stanley will report full-year sales of $10.45 billion for the current financial year, with estimates ranging from $38.91 billion to $40.26 billion. For the next year, analysts anticipate that the business will report sales of $40.49 billion per share, with estimates ranging from $39.84 billion to $41.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Morgan Stanley.

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Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year.

MS has been the topic of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research report on Friday, January 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $63.00 target price on shares of Morgan Stanley in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, December 11th. Vining Sparks restated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research report on Monday, January 8th. Finally, Credit Suisse Group upgraded shares of Morgan Stanley to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and an average price target of $54.69.

MS traded up $0.31 on Wednesday, hitting $53.35. 8,111,578 shares of the company were exchanged, compared to its average volume of 9,698,487. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75. Morgan Stanley has a fifty-two week low of $40.43 and a fifty-two week high of $59.38. The firm has a market capitalization of $95,039.52, a P/E ratio of 14.82, a PEG ratio of 0.91 and a beta of 1.54.

In related news, CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $55.35, for a total transaction of $2,889,491.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Insiders have sold 239,254 shares of company stock worth $13,085,019 in the last three months. Insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in shares of Morgan Stanley by 301.3% during the third quarter. Stifel Financial Corp now owns 577,918 shares of the financial services provider’s stock valued at $27,842,000 after buying an additional 433,920 shares during the period. Taylor Wealth Management Partners raised its stake in Morgan Stanley by 1,353.0% during the fourth quarter. Taylor Wealth Management Partners now owns 7,265 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 6,765 shares during the period. Ontario Teachers Pension Plan Board raised its stake in Morgan Stanley by 57.5% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 1,295,900 shares of the financial services provider’s stock worth $67,996,000 after purchasing an additional 473,242 shares during the period. Public Employees Retirement System of Ohio raised its stake in Morgan Stanley by 6.1% during the third quarter. Public Employees Retirement System of Ohio now owns 967,141 shares of the financial services provider’s stock worth $46,587,000 after purchasing an additional 55,942 shares during the period. Finally, Advisor Partners LLC raised its stake in Morgan Stanley by 6.0% during the fourth quarter. Advisor Partners LLC now owns 32,812 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 1,858 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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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 three segments: Institutional Securities, Wealth Management, and Investment Management.

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