The Charles Schwab (NYSE:SCHW) Announces Earnings Results, Beats Expectations By $0.01 EPS

The Charles Schwab (NYSE:SCHW) issued its quarterly earnings results on Thursday. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01, MarketWatch Earnings reports. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.43 billion. The Charles Schwab had a return on equity of 15.86% and a net margin of 31.48%. The Charles Schwab’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share.

Shares of NYSE SCHW opened at $39.29 on Friday. The stock has a market cap of $50.63 billion, a PE ratio of 16.51 and a beta of 1.17. The Charles Schwab has a fifty-two week low of $28.00 and a fifty-two week high of $51.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a fifty day moving average of $36.24 and a 200-day moving average of $35.43.

A number of analysts recently commented on SCHW shares. Credit Suisse Group started coverage on The Charles Schwab in a report on Wednesday. They set a “neutral” rating and a $43.00 price target on the stock. Wolfe Research upgraded The Charles Schwab from an “underperform” rating to a “peer perform” rating and set a $36.00 price target on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price target on The Charles Schwab from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Argus boosted their target price on The Charles Schwab from $42.00 to $50.00 in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on The Charles Schwab from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.00.

In related news, Director Charles A. Ruffel purchased 2,854 shares of The Charles Schwab stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of $34.91 per share, for a total transaction of $99,633.14. Following the completion of the transaction, the director now owns 7,751 shares in the company, valued at $270,587.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 65,056 shares of The Charles Schwab stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $33.19, for a total value of $2,159,208.64. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

About The Charles Schwab

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 for The Charles Schwab (NYSE:SCHW)

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