Today: Morgan Stanley (MS) Set to Announce Earnings on Wednesday

Today: Morgan Stanley (MS) Set to Announce Earnings on Wednesday

Morgan Stanley (NYSE:MS) is scheduled to release its Q316 earnings data on Wednesday, October 19th. Analysts expect Morgan Stanley to post earnings of $0.63 per share and revenue of $8.14 billion for the quarter.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The firm had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter last year, the firm posted $0.79 EPS. The company’s revenue was down 8.6% compared to the same quarter last year. On average, analysts expect Morgan Stanley to post $2.50 EPS for the current fiscal year and $2.98 EPS for the next fiscal year.

Shares of Morgan Stanley (NYSE:MS) opened at 32.07 on Monday. The firm has a 50 day moving average price of $31.85 and a 200 day moving average price of $28.22. The stock has a market cap of $61.31 billion, a PE ratio of 14.83 and a beta of 2.09. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $35.74.

A number of research firms have commented on MS. Barclays PLC reissued an “equal weight” rating and issued a $32.00 target price on shares of Morgan Stanley in a report on Wednesday, October 12th. Citigroup Inc. lifted their price objective on Morgan Stanley from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, October 10th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Sandler O’Neill lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Thursday, October 6th. Finally, Macquarie reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Morgan Stanley in a report on Wednesday, October 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.42.

In other news, major shareholder Stanley Morgan sold 357 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul C. Wirth sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $30.20, for a total value of $604,000.00. Following the transaction, the chief financial officer now directly owns 214,280 shares in the company, valued at approximately $6,471,256. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC boosted its position in Morgan Stanley by 94.6% in the second quarter. Janus Capital Management LLC now owns 8,133,460 shares of the financial services provider’s stock worth $211,307,000 after buying an additional 3,953,641 shares in the last quarter. FMR LLC boosted its position in Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock worth $656,286,000 after buying an additional 2,191,933 shares in the last quarter. Levin Capital Strategies L.P. boosted its position in Morgan Stanley by 113.3% in the second quarter. Levin Capital Strategies L.P. now owns 3,908,818 shares of the financial services provider’s stock worth $101,551,000 after buying an additional 2,076,238 shares in the last quarter. Capital International Investors acquired a new position in Morgan Stanley during the second quarter worth approximately $47,068,000. Finally, Marshall Wace LLP acquired a new position in Morgan Stanley during the second quarter worth approximately $27,784,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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