[Seeking Alpha] - Morgan Stanley (MS) Q1 2014 Earnings Conference Call April 17, 2014 8:30 AM ET Executives James Gorman - Chairman, Chief Executive Officer Ruth Porat - Executive Vice President, Chief Financial Officer ...Read more on this.
Morgan Stanley (MS), valued at $60.77B, opened this morning at $30.72. Today's price range has been between $30.40 and $31.29 per share with a one year range of $20.16 to $33.52. Priced at 12.31x this year's forecasted earnings, MS shares are relatively inexpensive compared to the industry's 19.22x forward p/e ratio. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.70%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.60 per share, which would be $0.01 worse than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $2.40 is a $0.34 better when compared to the previous year's annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.52 Billion. If reported, that would be a 0.47% increase over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded MS from Buy to Hold (Dec 5, 2013). Previously, Oppenheimer downgraded MS from Outperform to Perform. With the above information in mind, readers should note that the average price target is $33.72, which is 9.77% above where the stock opened this morning. Summary (NYSE:MS) : Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company's Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, as well as provides capital raising and corporate lending services. This segment is also engaged in sales, trading, financing, and market-making activities, including institutional equity, fixed income and commodities, research, and investment activities, as well as offers financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services. Its Wealth Management segment provides brokerage and investment advisory services covering various types of investments comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. This segment also offers education savings programs, financial and wealth planning services, annuity and other insurance products, cash management services, trust and fiduciary services, retirement solutions, and credit and other lending products, as well as fixed income principal trading services. The company's Investment Management segment provides alternative investment products, such as hedge funds, private equity and real estate funds, and portable alpha strategies to institutional and intermediary channels, and high net worth clients, as well as is involved in real estate investing and merchant banking businesses. Morgan Stanley was founded in 1935 and is headquartered in New York, New York. Tag Helper ~ Stock Code: MS | Common Company name: Morgan Stanley | Full Company name: Morgan Stanley (NYSE:MS) .
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