Analysts forecast that Charles Schwab Co. (NYSE:SCHW) will report earnings per share of $0.64 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Charles Schwab’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.67. Charles Schwab posted earnings of $0.65 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1.5%. The firm is scheduled to report its next earnings report on Wednesday, January 15th.
According to Zacks, analysts expect that Charles Schwab will report full year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.70. For the next financial year, analysts expect that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.45 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Charles Schwab.
Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.65 billion. Charles Schwab had a net margin of 35.12% and a return on equity of 20.85%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS.
A number of brokerages have issued reports on SCHW. Sandler O’Neill set a $45.00 price target on shares of Charles Schwab and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wolfe Research raised shares of Charles Schwab from a “peer perform” rating to an “outperform” rating and raised their price target for the stock from $42.00 to $46.00 in a report on Tuesday, September 3rd. Morgan Stanley raised their price target on shares of Charles Schwab from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. ValuEngine raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Credit Suisse Group cut their price target on shares of Charles Schwab from $55.00 to $49.00 and set an “outperform” rating on the stock in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.38.
Charles Schwab stock traded up $0.04 during trading hours on Tuesday, reaching $43.54. The stock had a trading volume of 4,190,290 shares, compared to its average volume of 8,094,271. The stock has a market cap of $56.76 billion, a PE ratio of 17.77, a PEG ratio of 2.73 and a beta of 1.32. Charles Schwab has a 52 week low of $34.58 and a 52 week high of $48.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.31 and a quick ratio of 0.31. The company has a fifty day simple moving average of $40.03 and a 200-day simple moving average of $41.16.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 7th. Charles Schwab’s payout ratio is 27.76%.
In other news, Director Stephen T. Mclin sold 5,093 shares of Charles Schwab stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $37.56, for a total transaction of $191,293.08. Following the sale, the director now owns 7,297 shares of the company’s stock, valued at approximately $274,075.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 105,422 shares of Charles Schwab stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $42.03, for a total transaction of $4,430,886.66. The disclosure for this sale can be found here. Insiders have sold a total of 219,677 shares of company stock worth $8,993,241 in the last ninety days. Insiders own 10.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Charles Schwab by 0.9% during the second quarter. Vanguard Group Inc. now owns 91,211,828 shares of the financial services provider’s stock worth $3,665,804,000 after acquiring an additional 794,114 shares in the last quarter. BlackRock Inc. boosted its stake in Charles Schwab by 3.7% during the second quarter. BlackRock Inc. now owns 87,080,690 shares of the financial services provider’s stock worth $3,499,773,000 after acquiring an additional 3,140,824 shares in the last quarter. Edgewood Management LLC boosted its stake in Charles Schwab by 1.2% during the second quarter. Edgewood Management LLC now owns 22,116,063 shares of the financial services provider’s stock worth $888,845,000 after acquiring an additional 256,759 shares in the last quarter. Northern Trust Corp boosted its stake in Charles Schwab by 0.6% during the second quarter. Northern Trust Corp now owns 16,812,955 shares of the financial services provider’s stock worth $675,714,000 after acquiring an additional 104,298 shares in the last quarter. Finally, Parnassus Investments CA boosted its stake in Charles Schwab by 16.4% during the third quarter. Parnassus Investments CA now owns 10,822,863 shares of the financial services provider’s stock worth $452,720,000 after acquiring an additional 1,527,073 shares in the last quarter. 79.10% of the stock is currently owned by institutional investors and hedge funds.
About Charles Schwab
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.
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