$0.67 Earnings Per Share Expected for Charles Schwab Co. (NYSE:SCHW) This Quarter

Equities research analysts expect Charles Schwab Co. (NYSE:SCHW) to announce earnings per share of $0.67 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Charles Schwab’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.70. Charles Schwab posted earnings of $0.65 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The business is scheduled to report its next quarterly earnings results on Monday, October 21st.

On average, analysts expect that Charles Schwab will report full-year earnings of $2.68 per share for the current financial year, with EPS estimates ranging from $2.64 to $2.74. For the next year, analysts anticipate that the company will report earnings of $2.74 per share, with EPS estimates ranging from $2.50 to $2.99. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Charles Schwab had a net margin of 35.29% and a return on equity of 20.60%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis.

Several research analysts recently commented on SCHW shares. JPMorgan Chase & Co. set a $44.00 target price on shares of Charles Schwab and gave the stock a “buy” rating in a research note on Friday, June 21st. Citigroup decreased their target price on shares of Charles Schwab from $43.50 to $39.50 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Bank of America downgraded shares of Charles Schwab from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $49.00 to $43.00 in a research note on Friday, July 12th. Argus reaffirmed a “buy” rating and issued a $52.00 target price (down from $57.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Finally, Wells Fargo & Co raised shares of Charles Schwab from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.80.

In related news, Director Mark A. Goldfarb purchased 2,595 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $38.68 per share, for a total transaction of $100,374.60. Following the completion of the acquisition, the director now directly owns 3,771 shares in the company, valued at approximately $145,862.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen T. Mclin sold 4,356 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $43.85, for a total transaction of $191,010.60. Following the sale, the director now owns 7,592 shares in the company, valued at approximately $332,909.20. The disclosure for this sale can be found here. Insiders own 10.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC boosted its holdings in shares of Charles Schwab by 133.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock valued at $28,000 after buying an additional 400 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Charles Schwab during the 1st quarter valued at $32,000. Berman Capital Advisors LLC boosted its holdings in shares of Charles Schwab by 260.7% during the 1st quarter. Berman Capital Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $44,000 after buying an additional 756 shares in the last quarter. Spectrum Management Group Inc. boosted its holdings in shares of Charles Schwab by 44.5% during the 1st quarter. Spectrum Management Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $46,000 after buying an additional 330 shares in the last quarter. Finally, Glassman Wealth Services boosted its holdings in shares of Charles Schwab by 51.0% during the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock valued at $44,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Shares of NYSE SCHW opened at $37.45 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. Charles Schwab has a 52 week low of $37.10 and a 52 week high of $52.70. The business has a fifty day moving average price of $41.07. The stock has a market capitalization of $50.00 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, August 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 27.76%.

Charles Schwab Company Profile

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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