Charles Schwab (NYSE:SCHW) Issues Earnings Results, Beats Estimates By $0.01 EPS

Charles Schwab (NYSE:SCHW) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01, Briefing.com reports. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS.

Charles Schwab Stock Down 10.2 %

Shares of SCHW stock opened at $67.42 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42. Charles Schwab has a one year low of $48.66 and a one year high of $79.49. The company’s fifty day moving average price is $74.10 and its 200-day moving average price is $70.23. The company has a market capitalization of $119.82 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.15 and a beta of 0.99.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Activity

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the transaction, the chairman now owns 30,641,981 shares in the company, valued at $2,286,504,622.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Charles Schwab news, insider Bernard J. Clark sold 77,431 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $70.94, for a total value of $5,492,955.14. Following the sale, the insider now owns 121,666 shares in the company, valued at approximately $8,630,986.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $74.62, for a total value of $6,661,700.50. Following the completion of the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at $2,286,504,622.22. The disclosure for this sale can be found here. Insiders have sold a total of 568,709 shares of company stock worth $42,577,554 over the last quarter. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a research note on Tuesday, May 28th. Morgan Stanley lowered their target price on shares of Charles Schwab from $73.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday, July 11th. Keefe, Bruyette & Woods upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $76.00 to $84.00 in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.75.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.