Wall Street brokerages predict that Charles Schwab Corp (NYSE:SCHW) will announce $2.33 billion in sales for the current quarter, Zacks reports. Six analysts have made estimates for Charles Schwab’s earnings, with the lowest sales estimate coming in at $2.28 billion and the highest estimate coming in at $2.39 billion. Charles Schwab posted sales of $2.08 billion during the same quarter last year, which suggests a positive year over year growth rate of 12%. The business is expected to announce its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Charles Schwab will report full-year sales of $2.33 billion for the current fiscal year, with estimates ranging from $9.69 billion to $10.15 billion. For the next fiscal year, analysts anticipate that the business will report sales of $11.09 billion per share, with estimates ranging from $10.35 billion to $11.48 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Charles Schwab.
Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS.
Shares of Charles Schwab (NYSE SCHW) traded down $0.16 during midday trading on Wednesday, reaching $52.17. 5,880,041 shares of the company traded hands, compared to its average volume of 7,950,000. The stock has a market cap of $69,940.00, a price-to-earnings ratio of 33.02, a PEG ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. Charles Schwab has a 12 month low of $37.16 and a 12 month high of $56.25.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.10 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. Charles Schwab’s payout ratio is presently 25.32%.
In other Charles Schwab news, EVP Terri R. Kallsen sold 1,982 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.55, for a total value of $100,190.10. Following the transaction, the executive vice president now owns 1,706 shares of the company’s stock, valued at $86,238.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nigel J. Murtagh sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were 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 in the company, valued at approximately $1,531,263.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,733,394 shares of company stock worth $89,462,077. Corporate insiders own 12.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. WINTON GROUP Ltd acquired a new position in Charles Schwab in the second quarter valued at about $368,000. Advisory Services Network LLC lifted its position in Charles Schwab by 36.0% in the second quarter. Advisory Services Network LLC now owns 19,119 shares of the financial services provider’s stock valued at $821,000 after buying an additional 5,056 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Charles Schwab by 11.7% during the second quarter. Cetera Investment Advisers now owns 13,048 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 1,366 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Charles Schwab by 30.5% during the second quarter. Lord Abbett & CO. LLC now owns 1,727,982 shares of the financial services provider’s stock worth $74,234,000 after purchasing an additional 404,275 shares in the last quarter. Finally, Gs Investments Inc. acquired a new stake in shares of Charles Schwab during the second quarter worth about $1,487,000. 80.45% of the stock is currently owned by institutional investors.
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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