Morgan Stanley (MS) to Release Earnings on Thursday

Morgan Stanley (NYSE:MS) is scheduled to be releasing its earnings data before the market opens on Thursday, October 17th. Analysts expect Morgan Stanley to post earnings of $1.64 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.17. The firm had revenue of $15.02 billion during the quarter, compared to analyst estimates of $14.32 billion. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. On average, analysts expect Morgan Stanley to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Morgan Stanley Price Performance

NYSE:MS opened at $112.22 on Wednesday. The company has a market capitalization of $182.38 billion, a P/E ratio of 20.44, a P/E/G ratio of 1.17 and a beta of 1.36. The business’s 50-day moving average is $101.81 and its 200 day moving average is $98.81. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $116.06.

Insider Transactions at Morgan Stanley

In related news, insider Mandell Crawley sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the transaction, the insider now owns 43,224 shares of the company’s stock, valued at $4,549,326. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total transaction of $368,375.00. Following the sale, the insider now owns 43,224 shares of the company’s stock, valued at $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Raja Akram sold 7,500 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $106.37, for a total transaction of $797,775.00. Following the completion of the transaction, the chief financial officer now owns 87,119 shares of the company’s stock, valued at $9,266,848.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

MS has been the subject of a number of research reports. Wells Fargo & Company downgraded Morgan Stanley from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $99.00 to $95.00 in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their price objective on shares of Morgan Stanley from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Friday, October 4th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.06.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.