Analysts expect Charles Schwab Corp (NYSE:SCHW) to post $0.53 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Charles Schwab’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.50. Charles Schwab posted earnings of $0.39 per share during the same quarter last year, which suggests a positive year over year growth rate of 35.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Charles Schwab will report full year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.30 to $2.48. For the next fiscal year, analysts expect that the business will post earnings of $2.79 per share, with EPS estimates ranging from $2.50 to $3.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Charles Schwab.
Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis.
A number of analysts have weighed in on SCHW shares. Deutsche Bank increased their price objective on Charles Schwab from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group started coverage on Charles Schwab in a research report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective for the company. SunTrust Banks increased their price objective on Charles Schwab to $56.00 and gave the stock an “average” rating in a research report on Friday, December 15th. They noted that the move was a valuation call. JMP Securities cut Charles Schwab from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $55.00 price objective (up from $47.00) on shares of Charles Schwab in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $53.88.
Charles Schwab (SCHW) traded down $0.16 during trading on Monday, reaching $52.17. The company’s stock had a trading volume of 5,880,041 shares, compared to its average volume of 7,950,000. Charles Schwab has a 52 week low of $37.16 and a 52 week high of $56.25. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The firm has a market cap of $69,940.00, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a $0.10 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 25.32%.
In related news, EVP Nigel J. Murtagh sold 10,000 shares of Charles Schwab stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $45.79, for a total transaction of $457,900.00. Following the completion of the transaction, the executive vice president now directly owns 33,441 shares of the company’s stock, valued at $1,531,263.39. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Walter W. Bettinger sold 262,309 shares of Charles Schwab stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $48.15, for a total value of $12,630,178.35. Following the transaction, the insider now directly owns 539,773 shares of the company’s stock, valued at $25,990,069.95. The disclosure for this sale can be found here. Insiders sold a total of 1,733,394 shares of company stock valued at $89,462,077 over the last three months. Insiders own 12.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of SCHW. Tudor Investment Corp ET AL acquired a new position in Charles Schwab during the second quarter worth $285,000. AHL Partners LLP acquired a new position in Charles Schwab during the second quarter worth $1,191,000. Raymond James Financial Services Advisors Inc. raised its holdings in Charles Schwab by 26.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 75,231 shares of the financial services provider’s stock worth $3,232,000 after purchasing an additional 15,600 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Charles Schwab during the second quarter worth $368,000. Finally, Advisory Services Network LLC raised its holdings in Charles Schwab by 36.0% during the second quarter. Advisory Services Network LLC now owns 19,119 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 5,056 shares during the last quarter. 80.45% of the stock is owned by hedge funds and other institutional investors.
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Charles Schwab Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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