Equities research analysts expect Morgan Stanley (NYSE:MS) to announce sales of $9.82 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Morgan Stanley’s earnings. The lowest sales estimate is $9.59 billion and the highest is $10.06 billion. Morgan Stanley reported sales of $9.87 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.5%. The company is expected to announce its next quarterly earnings report on Tuesday, October 15th.

On average, analysts expect that Morgan Stanley will report full-year sales of $39.56 billion for the current fiscal year, with estimates ranging from $39.33 billion to $39.73 billion. For the next fiscal year, analysts expect that the business will report sales of $39.94 billion, with estimates ranging from $38.91 billion to $40.56 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Morgan Stanley.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.02 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share.

A number of research firms recently issued reports on MS. Oppenheimer set a $65.00 price target on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and raised their price target for the stock from $48.00 to $52.00 in a report on Friday, July 12th. TheStreet raised Morgan Stanley from a “c+” rating to a “b-” rating in a report on Wednesday, September 18th. Finally, BMO Capital Markets set a $69.00 price objective on Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $56.45.

In other Morgan Stanley news, major shareholder Ufj Financial Group Mitsubishi sold 49,000 shares of Morgan Stanley stock in a transaction that occurred on Sunday, September 15th. The stock was sold at an average price of $1.01, for a total value of $49,490.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 420,000 shares of company stock worth $426,300 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC grew its stake in shares of Morgan Stanley by 276.4% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 606 shares of the financial services provider’s stock valued at $27,000 after buying an additional 445 shares during the period. IMA Wealth Inc. purchased a new stake in Morgan Stanley during the 1st quarter worth $31,000. Citizens Financial Group Inc RI boosted its position in Morgan Stanley by 46.2% during the 1st quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 245 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in Morgan Stanley during the 2nd quarter worth $35,000. Finally, Clean Yield Group purchased a new stake in Morgan Stanley during the 2nd quarter worth $36,000. Institutional investors own 83.58% of the company’s stock.

Shares of MS stock traded up $0.10 during mid-day trading on Friday, hitting $43.77. 3,892,765 shares of the stock were exchanged, compared to its average volume of 9,061,283. The stock’s fifty day simple moving average is $41.63 and its two-hundred day simple moving average is $43.52. The stock has a market capitalization of $72.75 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.12 and a beta of 1.33. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $49.97. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77.

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 Institutional Securities, Wealth Management, and Investment Management segments.

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

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