Q2 2024 Earnings Estimate for Morgan Stanley Issued By Zacks Research (NYSE:MS)

Morgan Stanley (NYSE:MS) – Research analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for shares of Morgan Stanley in a report issued on Tuesday, June 18th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $1.60 for the quarter, down from their previous forecast of $1.62. The consensus estimate for Morgan Stanley’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Morgan Stanley’s Q4 2024 earnings at $1.48 EPS, FY2024 earnings at $6.70 EPS, Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $1.89 EPS, Q4 2025 earnings at $1.71 EPS and FY2025 earnings at $7.44 EPS.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.33. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The firm had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. During the same quarter last year, the company earned $1.70 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis.

A number of other analysts have also weighed in on MS. Cfra upped their target price on shares of Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Evercore ISI increased their price objective on Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Jefferies Financial Group boosted their target price on Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods raised their price target on Morgan Stanley from $94.00 to $98.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. Finally, Bank of America boosted their price objective on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.30.

Morgan Stanley Trading Down 0.1 %

Shares of MS opened at $97.46 on Friday. The business’s 50-day moving average price is $95.66 and its 200-day moving average price is $91.05. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $103.25. The stock has a market cap of $158.39 billion, a PE ratio of 17.75, a P/E/G ratio of 1.19 and a beta of 1.38.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, April 29th. Morgan Stanley’s payout ratio is 61.93%.

Insider Activity

In related news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares in the company, valued at approximately $37,425,422.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Charles Aubrey Smith III sold 11,200 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total value of $1,009,008.00. Following the completion of the sale, the insider now directly owns 126,190 shares of the company’s stock, valued at approximately $11,368,457.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares in the company, valued at approximately $37,425,422.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,154 shares of company stock valued at $10,722,696. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MS. CGC Financial Services LLC increased its stake in shares of Morgan Stanley by 5,200.0% in the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 260 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Morgan Stanley during the fourth quarter valued at approximately $25,000. First United Bank & Trust bought a new stake in shares of Morgan Stanley in the 4th quarter worth approximately $34,000. Union Savings Bank grew its stake in shares of Morgan Stanley by 62.5% in the 4th quarter. Union Savings Bank now owns 390 shares of the financial services provider’s stock worth $36,000 after buying an additional 150 shares during the last quarter. Finally, Delos Wealth Advisors LLC increased its position in Morgan Stanley by 13,333.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 403 shares of the financial services provider’s stock valued at $38,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 84.19% 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.