Morgan Stanley (MS) Set to Announce Quarterly Earnings on Thursday

Morgan Stanley (NYSE:MS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, January 16th. Analysts expect the company to announce earnings of $1.54 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 posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. The firm had revenue of $15.38 billion for the quarter, compared to analysts’ expectations of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. 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 Performance

NYSE:MS opened at $124.66 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a twelve month low of $83.09 and a twelve month high of $136.24. The company has a fifty day moving average of $128.74 and a 200-day moving average of $113.02. The firm has a market capitalization of $200.83 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.18 and a beta of 1.36.

Wall Street Analyst Weigh In

MS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays lifted their price target on shares of Morgan Stanley from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Jefferies Financial Group lifted their price objective on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and lifted their price target for the company from $128.00 to $131.00 in a research note on Tuesday, November 26th. Finally, Bank of America raised their target price on Morgan Stanley from $140.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and a consensus price target of $126.07.

Insider Activity

In other news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Morgan Stanley Company Profile

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.