Quite a few research analysts have predicted that the stocks of MS will be reporting a quarterly sum of $13.46 billion. According to a report, four investment analysts have already issued estimates into the earnings of the company. The ball has been rolled from a sum of $13.14 billion to a sum of $13.81 billion. The company did post quarterly sales of $11.66 billion the previous year, so this does imply an annual growth rate of 15.4%. The company will be putting up its next quarterly report on the 21st of October.
The Quarterly Report Of MS
MS Previous updated its quarterly report on the 14th of July. The provider of the financial services reported an EPS of $1.85 for the quarter, which was more than the consensus estimate of $1.63. The net margin of the company was 23.89% with a 15.22% return on equity. The revenue generated by the company during this period was $14.76 billion which was more than the consensus estimate of $13.99 billion.
There have been quite a few research equities that have commented on the stocks of MS. JPMorgan Chase & Co has already increased the price target of the company from $85 to $105 with a rating of overweight in a 16th June research report. Jefferies Financial Group has also put up a rating of buy with a price target of $108 in a 16th July research report.
UBS Group has also increased the price target of the company from $84 to $92 with a rating of buy in a 1st April research report. Credit Suisse Group has also put up a rating of buy with a price target of $98 in a 20th April research report. In the end, Piper Sandler came forth with a price target of $100 and a rating of neutral in a 16th July research report.
Six of the investment analysts have already issued the company with a rating of hold, while fourteen others have put out a rating of buy. Currently, MS has a buy rating with a $95.74 price target.