Equities Analysts Issue Forecasts for Morgan Stanley’s FY2020 Earnings (NYSE:MS)


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Morgan Stanley (NYSE:MS) – Equities research analysts at Piper Sandler raised their FY2020 earnings per share (EPS) estimates for Morgan Stanley in a research report issued to clients and investors on Monday, January 11th. Piper Sandler analyst J. Harte now forecasts that the financial services provider will earn $5.85 per share for the year, up from their prior estimate of $5.51. Piper Sandler currently has a “Neutral” rating and a $76.00 target price on the stock. Piper Sandler also issued estimates for Morgan Stanley’s Q2 2021 earnings at $1.34 EPS, Q3 2021 earnings at $1.25 EPS, Q4 2021 earnings at $1.23 EPS, Q1 2022 earnings at $1.61 EPS, Q2 2022 earnings at $1.42 EPS, Q3 2022 earnings at $1.33 EPS and Q4 2022 earnings at $1.35 EPS.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.31. The business had revenue of $11.66 billion for the quarter, compared to analysts’ expectations of $10.61 billion. Morgan Stanley had a return on equity of 12.33% and a net margin of 19.16%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS.

MS has been the subject of a number of other reports. Berenberg Bank boosted their price target on Morgan Stanley from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 19th. Royal Bank of Canada set a $55.00 price target on Morgan Stanley and gave the company a “buy” rating in a research note on Thursday, October 15th. Credit Suisse Group boosted their price target on Morgan Stanley from $60.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, December 11th. DA Davidson boosted their price target on Morgan Stanley from $64.00 to $68.00 in a research note on Friday, October 16th. Finally, Bank of America boosted their price target on Morgan Stanley from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Morgan Stanley currently has an average rating of “Buy” and an average price target of $62.05.

Shares of MS opened at $75.56 on Tuesday. The firm has a market capitalization of $136.70 billion, a P/E ratio of 12.74, a PEG ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.76 and a quick ratio of 0.76. Morgan Stanley has a one year low of $27.20 and a one year high of $77.17. The business has a fifty day moving average of $67.08 and a 200 day moving average of $55.01.

In other news, Director Hutham S. Olayan acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, November 12th. The shares were acquired at an average cost of $55.40 per share, with a total value of $1,385,000.00. Following the acquisition, the director now directly owns 190,349 shares of the company’s stock, valued at $10,545,334.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Ufj Financial Group Mitsubishi sold 1,020,122 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $0.97, for a total value of $989,518.34. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Voloridge Investment Management LLC purchased a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $19,754,000. BP PLC increased its position in shares of Morgan Stanley by 197.9% during the 3rd quarter. BP PLC now owns 342,532 shares of the financial services provider’s stock valued at $16,555,000 after purchasing an additional 227,532 shares during the last quarter. Shelton Capital Management increased its position in shares of Morgan Stanley by 303.8% during the 3rd quarter. Shelton Capital Management now owns 87,461 shares of the financial services provider’s stock valued at $4,229,000 after purchasing an additional 65,800 shares during the last quarter. Benson Investment Management Company Inc. bought a new position in shares of Morgan Stanley during the 4th quarter valued at approximately $3,900,000. Finally, Hexavest Inc. bought a new position in shares of Morgan Stanley during the 3rd quarter valued at approximately $11,682,000. 74.28% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Morgan Stanley (NYSE:MS)

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