Brokerages Anticipate The Charles Schwab Corporation (SCHW) to Announce $0.41 Earnings Per Share

Analysts predict that The Charles Schwab Corporation (NYSE:SCHW) will announce $0.41 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for The Charles Schwab Corporation’s earnings, with estimates ranging from $0.40 to $0.43. The Charles Schwab Corporation posted earnings per share of $0.36 in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.9%. The firm is expected to announce its next earnings report on Wednesday, January 17th.

On average, analysts expect that The Charles Schwab Corporation will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.64. For the next financial year, analysts forecast that the business will report earnings of $1.95 per share, with EPS estimates ranging from $1.79 to $2.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for The Charles Schwab Corporation.

The Charles Schwab Corporation (NYSE:SCHW) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year.

SCHW has been the topic of several recent analyst reports. BidaskClub raised shares of The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 price target on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and issued a $49.00 price target on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Deutsche Bank AG raised their price target on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Nomura downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.07.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 6,018 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $44.06, for a total transaction of $265,153.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab Corporation stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.65, for a total transaction of $15,627,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 923,095 shares of company stock worth $41,179,740 over the last ninety days. Insiders own 12.00% of the company’s stock.

Several large investors have recently modified their holdings of SCHW. WealthTrust Arizona LLC boosted its holdings in shares of The Charles Schwab Corporation by 1.2% in the 2nd 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 last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of The Charles Schwab Corporation in the 2nd quarter worth about $145,000. Fiduciary Trust Co. purchased a new position in shares of The Charles Schwab Corporation in the 2nd quarter worth about $163,000. Zions Bancorporation boosted its holdings in shares of The Charles Schwab Corporation by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after buying an additional 3,585 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of The Charles Schwab Corporation by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after buying an additional 1,082 shares during the last quarter. 79.93% of the stock is currently owned by institutional investors.

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The Charles Schwab Corporation (NYSE:SCHW) traded up $0.44 during mid-day trading on Friday, reaching $45.12. 4,430,000 shares of the company’s stock traded hands, compared to its average volume of 7,047,057. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.21. The Charles Schwab Corporation has a 52-week low of $37.16 and a 52-week high of $46.21. The company has a market cap of $60,050.00, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.90 and a beta of 1.74.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio is 20.51%.

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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