$2.18 Billion in Sales Expected for The Charles Schwab Corporation (SCHW) This Quarter

Brokerages forecast that The Charles Schwab Corporation (NYSE:SCHW) will post sales of $2.18 billion for the current quarter, Zacks reports. Six analysts have provided estimates for The Charles Schwab Corporation’s earnings. The highest sales estimate is $2.21 billion and the lowest is $2.17 billion. The Charles Schwab Corporation posted sales of $1.91 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 14.1%. The firm is scheduled to issue its next earnings report on Monday, October 16th.

On average, analysts expect that The Charles Schwab Corporation will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $8.59 billion to $8.70 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.73 billion per share, with estimates ranging from $9.37 billion to $9.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover The Charles Schwab Corporation.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.69%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Nomura cut shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet reissued a “neutral” rating and set a $43.00 target price (down previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. Argus reissued a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of The Charles Schwab Corporation in a research note on Friday, July 21st. Finally, SunTrust Banks, Inc. lowered their target price on shares of The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $44.00.

The Charles Schwab Corporation (NYSE:SCHW) traded up 0.54% during mid-day trading on Friday, reaching $43.13. 6,621,639 shares of the company were exchanged. The Charles Schwab Corporation has a 12 month low of $27.71 and a 12 month high of $44.10. The stock has a market capitalization of $57.67 billion, a P/E ratio of 28.95 and a beta of 1.63. The company’s 50 day moving average price is $42.60 and its 200-day moving average price is $40.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is 21.48%.

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In other The Charles Schwab Corporation news, EVP Terri R. Kallsen sold 10,536 shares of the firm’s stock in a transaction dated 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 directly owns 5,212 shares in the company, valued at $224,897.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph R. Martinetto sold 115,642 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $42.10, for a total transaction of $4,868,528.20. Following the completion of the transaction, the executive vice president now owns 210,868 shares of the company’s stock, valued at $8,877,542.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,208 shares of company stock valued at $10,264,181. Corporate insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WealthTrust Arizona LLC boosted its position in shares of 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 valued at $106,000 after buying an additional 29 shares during the last quarter. Pinnacle Bank purchased a new position in shares of The Charles Schwab Corporation during the first quarter valued at approximately $119,000. First Bank & Trust boosted its position in shares of 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 valued at $128,000 after buying an additional 109 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of 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 valued at $131,000 after buying an additional 287 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock valued at $133,000 after buying an additional 207 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

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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