Charles Schwab (SCHW) to Release Quarterly Earnings on Tuesday

Charles Schwab (NYSE:SCHW) will issue its quarterly earnings data before the market opens on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.68 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. During the same quarter in the prior year, the firm posted $0.75 EPS. Charles Schwab’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts expect Charles Schwab to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Charles Schwab Trading Up 1.5 %

SCHW stock opened at $67.68 on Monday. Charles Schwab has a twelve month low of $48.66 and a twelve month high of $79.49. The stock has a market capitalization of $120.36 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.65. The firm’s fifty day simple moving average is $64.12 and its two-hundred day simple moving average is $69.53.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SCHW shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $80.00 target price on shares of Charles Schwab in a research report on Thursday, August 22nd. The Goldman Sachs Group decreased their price objective on shares of Charles Schwab from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. JPMorgan Chase & Co. dropped their target price on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Jefferies Financial Group decreased their price target on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Wells Fargo & Company began coverage on Charles Schwab in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.25.

Insiders Place Their Bets

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total value of $557,640.00. Following the sale, the director now owns 567,057 shares in the company, valued at $35,134,851.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $61.96, for a total value of $557,640.00. Following the completion of the transaction, the director now directly owns 567,057 shares in the company, valued at $35,134,851.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Walter W. Bettinger purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were purchased at an average cost of $66.26 per share, for a total transaction of $1,656,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 827,377 shares of the company’s stock, valued at $54,822,000.02. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 98,856 shares of company stock valued at $6,398,604. Company insiders own 6.60% of the company’s stock.

About Charles Schwab

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.