Morgan Stanley (MS) to Release Quarterly Earnings on Thursday

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

Morgan Stanley (NYSE:MS) last announced 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 business had revenue of $15.02 billion for 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 company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $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 Stock Up 1.7 %

Morgan Stanley stock opened at $112.32 on Tuesday. The firm has a market cap of $182.54 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $112.44. The business’s 50-day moving average price is $101.43 and its 200 day moving average price is $98.69. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Analyst Ratings Changes

MS has been the topic of several research reports. UBS Group raised their target price on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Barclays lifted their price objective on Morgan Stanley from $116.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Royal Bank of Canada lifted their price objective on Morgan Stanley from $91.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. Finally, Citigroup raised their target price on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $103.06.

Insider Buying and Selling at Morgan Stanley

In other news, insider Daniel A. Simkowitz sold 40,000 shares of Morgan Stanley stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $106.54, for a total transaction of $4,261,600.00. Following the sale, the insider now directly owns 442,522 shares of the company’s stock, valued at approximately $47,146,293.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel A. Simkowitz sold 40,000 shares of Morgan Stanley stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $106.54, for a total transaction of $4,261,600.00. Following the sale, the insider now directly owns 442,522 shares of the company’s stock, valued at approximately $47,146,293.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James P. Gorman sold 200,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $105.06, for a total value of $21,012,000.00. Following the completion of the sale, the chairman now directly owns 150,000 shares of the company’s stock, valued at approximately $15,759,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,000 shares of company stock valued at $26,546,370 over the last three months. 0.24% of the stock is owned by company insiders.

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.