Analysts Anticipate The Charles Schwab Co. (NYSE:SCHW) to Post $0.91 Earnings Per Share - MarketBeat - Financial Daily News Site

Analysts Anticipate The Charles Schwab Co. (NYSE:SCHW) to Post $0.91 Earnings Per Share – MarketBeat

Wall Street analysts forecast that The Charles Schwab Co. (NYSE:SCHW – Get Rating) will post $0.91 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Charles Schwab’s earnings. The lowest EPS estimate is $0.86 and the highest is $0.99. Charles Schwab reported earnings of $0.70 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Charles Schwab will report full-year earnings of $3.89 per share for the current fiscal year, with EPS estimates ranging from $3.74 to $4.05. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.11 per share, with EPS estimates ranging from $4.90 to $5.63. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Charles Schwab.

Charles Schwab (NYSE:SCHW – Get Rating) last released its quarterly earnings data on Monday, April 18th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.08). The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.82 billion. Charles Schwab had a return on equity of 14.42% and a net margin of 31.24%. Charles Schwab’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share.

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Several brokerages have recently issued reports on SCHW. Citigroup upped their target price on shares of Charles Schwab from $87.50 to $90.00 and gave the company a “buy” rating in a report on Friday, April 22nd. StockNews.com upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Piper Sandler cut their price target on shares of Charles Schwab from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Morgan Stanley cut their price target on shares of Charles Schwab from $132.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Charles Schwab from $98.00 to $84.00 in a report on Thursday, May 19th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $92.87.

In other news, EVP Jonathan M. Craig sold 4,016 shares of the stock in a transaction dated Thursday, April 7th. The shares were sold at an average price of $80.02, for a total transaction of $321,360.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Walter W. Bettinger acquired 36,640 shares of the business’s stock in a transaction dated Monday, April 25th. The shares were bought at an average price of $69.49 per share, for a total transaction of $2,546,113.60. Following the completion of the acquisition, the chief executive officer now owns 329,265 shares in the company, valued at $22,880,624.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 104,169 shares of company stock worth $7,081,708 over the last ninety days. 7.50% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in SCHW. First Trust Advisors LP purchased a new position in shares of Charles Schwab during the 1st quarter worth about $1,805,000. Natixis purchased a new position in Charles Schwab in the third quarter valued at approximately $11,610,000. HighTower Advisors LLC raised its holdings in Charles Schwab by 6.1% in the third quarter. HighTower Advisors LLC now owns 256,874 shares of the financial services provider’s stock valued at $18,709,000 after buying an additional 14,744 shares during the period. Franklin Resources Inc. raised its holdings in Charles Schwab by 0.7% in the third quarter. Franklin Resources Inc. now owns 5,305,209 shares of the financial services provider’s stock valued at $386,431,000 after buying an additional 36,423 shares during the period. Finally, Engine NO. 1 LLC raised its holdings in Charles Schwab by 68.7% in the third quarter. Engine NO. 1 LLC now owns 8,085 shares of the financial services provider’s stock valued at $589,000 after buying an additional 3,293 shares during the period. Institutional investors and hedge funds own 87.13% of the company’s stock.

Shares of SCHW stock opened at $70.07 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.44 and a current ratio of 0.44. Charles Schwab has a fifty-two week low of $61.53 and a fifty-two week high of $96.24. The stock has a market capitalization of $127.32 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.09. The company has a 50 day moving average price of $72.95 and a 200 day moving average price of $81.38.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 13th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.14%. Charles Schwab’s dividend payout ratio is currently 28.99%.

About Charles Schwab (Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

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Earnings History and Estimates for Charles Schwab (NYSE:SCHW)

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