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Thursday, June 17, 2021

MS Has A Quarterly Sales Sum Of $13.95 Billion Lined Up

Quite a few research analysts have already expected that the stocks of MS will be reporting a sales sum of $13.95 billion for this quarter. According to a report, three of the investment analysts have already provided estimates into the earnings of the company with the lowest estimate coming in at $13.60 billion, with the highest estimate coming in at $14.39 billion.

The sales reported by the company last year were $13.41 billion, which suggests an annual growth rate of 4%. The company will be announcing its next quarterly results on the 15th of July. 

The Quarterly Estimates of MS

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MS did already put up its quarterly earnings on the 15th of April. The provider of financial services did report an EPS of $2.19 for the quarter, which was more than the consensus estimate of $1.72. The net margin of the company is 23.73%, with a 15.44% return on equity. The revenue generated by the company during this period was $15.72 billion, which was more than the consensus estimate of $13.48 billion. 

There have been quite a few research equities that have commented on the stocks of MS. UBS Group has already increased the price target of the company to $92 with a rating of buy in a 1st April research note. Credit Suisse Group has also reiterated its rating of buy with a price target of $98 in a 20th April research report.

The Royal Bank of Canada has also increased the price target of the company to $82 with a rating of outperform in a 19th April research report. Jefferies Financial has a rating of buy with a price target of $108 in a Wednesday research report. 

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Four of the investment analysts have already issued the company with a rating of hold, while fifteen others have issued the company with a rating of buy. Currently, MS has a buy rating with an $81.26 price target.

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