When Does Morgan Stanley Report Earnings?
Source: Getty Images

What to Watch for in Morgan Stanley’s Q3 Earnings

By

Updated

Morgan Stanley is set to release its third-quarter earnings report on Thursday, Oct.15, before the market opens. Let’s look at analysts’ expectations for the third quarter.

Article continues below advertisement
When Does Morgan Stanley Report Earnings
Source: iStock

When is Morgan Stanley’s earnings date?

Morgan Stanley is set to release its third-quarter financial results on Thursday, Oct. 15, before the market opens. The investment banking company has scheduled a conference call with investors and analysts on the same day at 8:30 a.m. ET.

Article continues below advertisement

In the third quarter, Wall Street analysts expect Morgan Stanley to post sales of $10.6 billion, which would be 6 percent higher than Morgan Stanley's $10 billion in sales in the third quarter of 2019. Analysts also expect Morgan Stanley to report adjusted EPS of $1.28 in the third quarter, compared with $1.27 in the same period a year ago.

What is Morgan Stanley’s stock price? And Morgan Stanley’s stock price in premarket trading today?

Morgan Stanley stock is traded on the NYSE under the ticker symbol “MS.” Morgan Stanley stock was up about 0.6 percent at $51.05 in premarket trading today as of 5:14 a.m. ET. The stock rose 3.9 percent on Oct. 12 and closed at $50.74 with a market capitalization of $88.7 billion.

Article continues below advertisement

Morgan Stanley stock has risen by 6.3 percent in the last five days and 19.3 percent in the last year. The stock is trading 11.9 percent below its 52-week high of $57.57 and 86.5 percent above its 52-week low of $27.20.

What is Morgan Stanley’s dividend yield?

As of Oct. 12, Morgan Stanley’s dividend yield was 2.76 percent. The company currently pays an annual dividend of $1.40 per share, and has increased its dividend for the last six years by an average of 22.9 percent each year.

Article continues below advertisement

What is Morgan Stanley’s stock forecast?

Currently, analysts' stock price forecast for Morgan Stanley is $59.75, which suggests a 17.8 percent upside. Their highest target price of $78 implies a 53.7 percent upside, while their lowest target price of $45 suggests an 11.3 percent downside. Of the 27 Wall Street analysts tracking Morgan Stanley, 20 recommend "buy," and seven recommend "hold." None of the analysts suggest "sell."

Morgan Stanley investor relations

Morgan Stanley has scheduled a third-quarter earnings conference call on Thursday, Oct. 15 at 8:30 a.m. ET. Wall Street analysts and investors can access the webcast through the investor relations section of the company’s website. The event can also be accessed by dialing 1-706-679-2291 (international) or 1-877-895-9527 (domestic). The passcode is 8990366.

Advertisement

More From Market Realist