Charles Schwab Co. (NYSE:SCHW) Expected to Announce Earnings of $0.64 Per Share

Wall Street brokerages forecast that Charles Schwab Co. (NYSE:SCHW) will report $0.64 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Charles Schwab’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.67. Charles Schwab reported earnings per share of $0.65 in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, January 15th.

According to Zacks, analysts expect that Charles Schwab will report full-year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.70. For the next financial year, analysts expect that the firm will report earnings of $2.59 per share, with EPS estimates ranging from $2.45 to $2.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Charles Schwab had a net margin of 35.12% and a return on equity of 20.85%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share.

A number of brokerages have commented on SCHW. Deutsche Bank raised their price target on shares of Charles Schwab from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Charles Schwab from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. cut their price target on shares of Charles Schwab from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Argus restated a “buy” rating and set a $52.00 price target (down previously from $57.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Finally, UBS Group raised their price target on shares of Charles Schwab from $33.00 to $35.00 and gave the stock a “sell” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.38.

In related news, Director Stephen T. Mclin sold 5,093 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $37.56, for a total value of $191,293.08. Following the completion of the transaction, the director now owns 7,297 shares in the company, valued at approximately $274,075.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 105,422 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $42.03, for a total transaction of $4,430,886.66. The disclosure for this sale can be found here. Insiders sold 219,677 shares of company stock valued at $8,993,241 in the last quarter. 10.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Venturi Wealth Management LLC bought a new position in Charles Schwab in the 3rd quarter worth approximately $26,000. FNY Investment Advisers LLC raised its position in Charles Schwab by 133.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 700 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in Charles Schwab by 303.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 802 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 603 shares during the last quarter. Gradient Investments LLC raised its position in Charles Schwab by 526.2% in the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 684 shares during the last quarter. Finally, Glassman Wealth Services raised its position in Charles Schwab by 51.0% in the 2nd quarter. Glassman Wealth Services now owns 1,098 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

SCHW traded up $0.04 during midday trading on Tuesday, reaching $43.54. 4,190,290 shares of the company’s stock were exchanged, compared to its average volume of 8,094,271. The firm has a market capitalization of $56.76 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 2.73 and a beta of 1.32. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.40. Charles Schwab has a one year low of $34.58 and a one year high of $48.52. The business has a 50-day simple moving average of $40.03 and a two-hundred day simple moving average of $41.16.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 7th. 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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Earnings History and Estimates for Charles Schwab (NYSE:SCHW)

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