Brokerages Expect Morgan Stanley (NYSE:MS) Will Announce Quarterly Sales of $9.54 Billion

Analysts forecast that Morgan Stanley (NYSE:MS) will announce $9.54 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Morgan Stanley’s earnings, with estimates ranging from $9.54 billion to $9.55 billion. Morgan Stanley reported sales of $10.24 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.8%. The company is scheduled to report its next earnings report on Thursday, July 16th.

On average, analysts expect that Morgan Stanley will report full year sales of $37.76 billion for the current financial year, with estimates ranging from $37.39 billion to $38.13 billion. For the next year, analysts expect that the business will post sales of $40.43 billion, with estimates ranging from $40.36 billion to $40.51 billion. Zacks’ 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 posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.06). The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.82 billion. Morgan Stanley had a return on equity of 10.62% and a net margin of 16.01%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share.

Several research firms recently commented on MS. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a report on Tuesday, June 9th. Wells Fargo & Co restated a “hold” rating on shares of Morgan Stanley in a report on Sunday, June 7th. DA Davidson upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday. Barclays reiterated a “hold” rating and issued a $55.00 target price on shares of Morgan Stanley in a research note on Thursday, April 9th. Finally, Bank of America reduced their target price on shares of Morgan Stanley from $42.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $49.39.

In related news, insider Jeffrey S. Brodsky sold 18,174 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $40.57, for a total transaction of $737,319.18. Following the transaction, the insider now owns 141,863 shares of the company’s stock, valued at $5,755,381.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Luczo purchased 19,000 shares of the stock in a transaction on Friday, April 17th. The stock was acquired at an average cost of $38.68 per share, for a total transaction of $734,920.00. Following the acquisition, the director now directly owns 193,121 shares in the company, valued at $7,469,920.28. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. HHM Wealth Advisors LLC acquired a new position in Morgan Stanley during the 1st quarter valued at about $26,000. Central Bank & Trust Co. lifted its holdings in Morgan Stanley by 163.4% during the 1st quarter. Central Bank & Trust Co. now owns 698 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 433 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Morgan Stanley during the 4th quarter valued at $32,000. Ropes Wealth Advisors LLC lifted its holdings in Morgan Stanley by 42.9% during the 1st quarter. Ropes Wealth Advisors LLC now owns 1,000 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. acquired a new stake in Morgan Stanley during the 4th quarter valued at $38,000. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MS stock traded down $1.74 during trading on Friday, hitting $47.05. 20,080,160 shares of the company were exchanged, compared to its average volume of 13,421,434. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $74.13 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 1.26 and a beta of 1.49. The business’s 50-day simple moving average is $44.02 and its 200 day simple moving average is $45.43. Morgan Stanley has a twelve month low of $27.20 and a twelve month high of $57.57.

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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