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Morgan Stanley (NYSE:MS) Issues Earnings Results, Beats Estimates By $0.84 EPS

Posted on Thursday, July 16th, 2020 by MarketBeat

Morgan Stanley (NYSE:MS) posted its quarterly earnings results on Thursday. The financial services provider reported $1.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.12 by $0.84, Briefing.com reports. The company had revenue of $13.41 billion during the quarter, compared to the consensus estimate of $10.39 billion. Morgan Stanley had a return on equity of 10.62% and a net margin of 16.01%. The business's quarterly revenue was up 30.9% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS.

Morgan Stanley stock opened at $51.93 on Thursday. Morgan Stanley has a 52 week low of $27.20 and a 52 week high of $57.57. The company's 50 day moving average price is $47.51 and its two-hundred day moving average price is $45.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.48. The stock has a market cap of $81.82 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.28 and a beta of 1.51.

A number of analysts have recently commented on MS shares. Wells Fargo & Co restated a "hold" rating on shares of Morgan Stanley in a report on Sunday, June 7th. DA Davidson upgraded Morgan Stanley from a "neutral" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Wednesday, June 24th. BMO Capital Markets upped their target price on Morgan Stanley from $45.00 to $63.00 in a report on Friday, April 17th. Barclays reissued a "hold" rating and set a $55.00 price target on shares of Morgan Stanley in a research report on Thursday, April 9th. Finally, Cfra lowered their price target on Morgan Stanley from $59.00 to $44.00 and set a "hold" rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $51.55.

In related news, Director Stephen J. Luczo purchased 19,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were bought at an average price of $38.68 per share, with a total value of $734,920.00. Following the acquisition, the director now owns 193,121 shares of the company's stock, valued at approximately $7,469,920.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey S. Brodsky sold 18,174 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $40.57, for a total transaction of $737,319.18. Following the completion of the sale, the insider now directly owns 141,863 shares in the company, valued at approximately $5,755,381.91. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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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