Equities analysts expect The Charles Schwab Corporation (NYSE:SCHW) to report $0.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for The Charles Schwab Corporation’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.42. The Charles Schwab Corporation reported earnings of $0.34 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20.6%. The business is expected to issue its next earnings report on Monday, October 16th.
On average, analysts expect that The Charles Schwab Corporation will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.64. For the next year, analysts expect that the firm will post earnings of $1.95 per share, with EPS estimates ranging from $1.80 to $2.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow The Charles Schwab Corporation.
The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis.
SCHW has been the subject of several analyst reports. Nomura restated a “buy” rating and set a $46.00 target price on shares of The Charles Schwab Corporation in a report on Tuesday, April 11th. Keefe, Bruyette & Woods set a $44.00 target price on The Charles Schwab Corporation and gave the company a “buy” rating in a report on Monday, April 10th. Deutsche Bank AG dropped their target price on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, April 6th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 target price on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus price target of $44.00.
The Charles Schwab Corporation (NYSE SCHW) traded up 0.54% during trading on Thursday, hitting $43.13. The company had a trading volume of 6,621,639 shares. The stock has a market capitalization of $57.67 billion, a price-to-earnings ratio of 28.95 and a beta of 1.63. The Charles Schwab Corporation has a 1-year low of $27.71 and a 1-year high of $44.10. The company’s 50 day moving average price is $42.60 and its 200-day moving average price is $40.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s payout ratio is presently 21.48%.
In other news, Chairman Charles R. Schwab sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $42.80, for a total value of $1,112,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $43.15, for a total value of $454,628.40. Following the completion of the transaction, the executive vice president now owns 5,212 shares of the company’s stock, valued at approximately $224,897.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,208 shares of company stock valued at $10,264,181. 12.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. WealthTrust Arizona LLC raised its position in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after buying an additional 29 shares during the period. Pinnacle Bank bought a new position in The Charles Schwab Corporation during the first quarter worth $119,000. First Bank & Trust raised its position in The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock worth $128,000 after buying an additional 109 shares during the period. YorkBridge Wealth Partners LLC raised its position in The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in The Charles Schwab Corporation during the second quarter worth $145,000. 79.25% of the stock is owned by institutional investors.
The Charles Schwab Corporation 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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