Company Update (NYSE:MS): Morgan Stanley Declares Quarterly Dividends on Its Preferred Stock

[Business Wire] – Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues: Read more on this. Morgan Stanley (MS) , valued at $63.59B, opened at $32.63. Looking at the stock, its one day range is $32.56 to $33.08 and has traded between $30.15 and $41.04 over the past year. MS shares are currently priced at 12.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.50x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 1.87%. According to a consensus of 23 analysts, the earnings estimate of $0.53 per share would be $0.14 better than the year-ago quarter and a $0.13 sequential decrease. The full-year EPS estimate is $2.50, which would be a $0.18 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.21 Billion. If reported, that would be a 2.50% increase over the year-ago quarter. Recently, Atlantic Equities Initiated MS at Neutral (May 7, 2015). Previously, MKM Partners Initiated MS at to Buy. Investors should keep in mind is that the average price target is $38.33, which is 17.47% above where the stock opened this morning. See more in (NYSE:MS) Similar Articles: Stock Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Wealth Management Adds CreditSights to Research and Strategy Content for Financial Advisors Stock Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Private Wealth Management Launches New Coffee Table Book: If…Stories of Philanthropy Company Update: Morgan Stanley (NYSE:MS) – Morgan Stanley Declares Quarterly Dividends on Its Preferred Stock