Brokerages Expect Morgan Stanley (MS) Will Post Quarterly Sales of $10.32 Billion
Brokerages expect that Morgan Stanley (NYSE:MS) will report sales of $10.32 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Morgan Stanley’s earnings, with the highest sales estimate coming in at $10.38 billion and the lowest estimate coming in at $10.26 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 5.8%. The firm is expected to announce its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that Morgan Stanley will report full-year sales of $10.32 billion for the current year, with estimates ranging from $38.91 billion to $39.66 billion. For the next fiscal year, analysts expect that the company will report sales of $40.33 billion per share, with estimates ranging from $39.61 billion to $40.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Morgan Stanley.
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, beating analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a return on equity of 10.03% and a net margin of 14.10%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS.
Morgan Stanley (NYSE:MS) opened at $52.14 on Monday. The firm has a market capitalization of $93,226.32, a PE ratio of 14.32, a PEG ratio of 0.90 and a beta of 1.54. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $58.05. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. Morgan Stanley’s payout ratio is currently 32.36%.
In other news, insider Keishi Hotsuki sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alistair Darling sold 3,850 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Morgan Stanley by 14.2% in the fourth quarter. Bank of New York Mellon Corp now owns 12,643,249 shares of the financial services provider’s stock valued at $663,392,000 after purchasing an additional 1,569,202 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Morgan Stanley by 2.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,276,170 shares of the financial services provider’s stock valued at $644,130,000 after purchasing an additional 299,060 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Morgan Stanley by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock valued at $569,213,000 after purchasing an additional 1,828,697 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Morgan Stanley by 2.0% in the third quarter. Epoch Investment Partners Inc. now owns 9,843,789 shares of the financial services provider’s stock valued at $474,175,000 after purchasing an additional 189,953 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Morgan Stanley by 1.8% in the third quarter. Legal & General Group Plc now owns 6,800,716 shares of the financial services provider’s stock valued at $327,595,000 after purchasing an additional 116,997 shares in the last quarter. 86.55% of the stock is owned by institutional investors.
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Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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