Wall Street brokerages predict that Charles Schwab Corp (NYSE:SCHW) will post $2.33 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Charles Schwab’s earnings, with estimates ranging from $2.28 billion to $2.39 billion. Charles Schwab reported sales of $2.08 billion in the same quarter last year, which indicates a positive year over year growth rate of 12%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Charles Schwab will report full-year sales of $2.33 billion for the current year, with estimates ranging from $9.69 billion to $10.15 billion. For the next year, analysts anticipate that the firm will report sales of $11.09 billion per share, with estimates ranging from $10.35 billion to $11.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Charles Schwab.
Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. Charles Schwab’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share.
Several analysts have recently issued reports on the stock. SunTrust Banks reissued a “buy” rating on shares of Charles Schwab in a research report on Wednesday, February 14th. Credit Suisse Group reduced their price target on shares of Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Citigroup cut shares of Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 price target on the stock. in a research report on Wednesday, February 7th. Wells Fargo & Co reissued a “market perform” rating and set a $55.00 price target (up previously from $47.00) on shares of Charles Schwab in a research report on Thursday, January 4th. Finally, Morgan Stanley increased their price target on shares of Charles Schwab from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $53.88.
Shares of Charles Schwab (NYSE SCHW) traded down $0.16 on Wednesday, hitting $52.17. 5,880,041 shares of the stock traded hands, compared to its average volume of 7,950,000. The firm has a market capitalization of $69,940.00, a PE ratio of 33.02, a PEG ratio of 1.29 and a beta of 1.63. Charles Schwab has a 1-year low of $37.16 and a 1-year high of $56.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, February 8th. Charles Schwab’s dividend payout ratio is presently 25.32%.
In related news, Chairman Charles R. Schwab sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $55.31, for a total transaction of $16,593,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 74,450 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $52.17, for a total transaction of $3,884,056.50. The disclosure for this sale can be found here. Insiders have sold 1,733,394 shares of company stock worth $89,462,077 over the last 90 days. Insiders own 12.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC increased its stake in Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,870 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Charles Schwab in the fourth quarter valued at approximately $118,000. Zions Bancorporation increased its stake in Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Charles Schwab in the fourth quarter valued at approximately $187,000. Finally, Lourd Capital LLC purchased a new position in Charles Schwab in the fourth quarter valued at approximately $208,000. Institutional investors own 80.45% of the company’s stock.
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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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