Morgan Stanley (NYSE:MS) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Morgan Stanley (NYSE:MS) announced its quarterly earnings results on Thursday. The financial services provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31, MarketWatch Earnings reports. The company had revenue of $11.66 billion during the quarter, compared to the consensus estimate of $10.61 billion. Morgan Stanley had a net margin of 17.78% and a return on equity of 11.90%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share.

Shares of Morgan Stanley stock opened at $51.85 on Friday. Morgan Stanley has a twelve month low of $27.20 and a twelve month high of $57.57. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average price of $49.95 and a 200-day moving average price of $46.14. The firm has a market cap of $81.76 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.98 and a beta of 1.45.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, October 29th. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.11%.

In related news, insider Keishi Hotsuki sold 19,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $52.00, for a total value of $988,000.00. Following the sale, the insider now directly owns 243,666 shares in the company, valued at $12,670,632. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

MS has been the subject of several analyst reports. DA Davidson raised their price target on shares of Morgan Stanley from $64.00 to $68.00 in a research report on Friday. ValuEngine downgraded shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. began coverage on shares of Morgan Stanley in a research report on Tuesday, October 13th. They issued an “overweight” rating and a $57.00 target price for the company. Piper Sandler lifted their target price on shares of Morgan Stanley from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Finally, Barclays lifted their target price on shares of Morgan Stanley from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.14.

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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Earnings History for Morgan Stanley (NYSE:MS)

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