Equities research analysts expect that The Charles Schwab Corporation (NYSE:SCHW) will announce earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for The Charles Schwab Corporation’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.42. The Charles Schwab Corporation posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The firm is expected to issue its next quarterly earnings report on Monday, October 16th.

According to Zacks, analysts expect that The Charles Schwab Corporation will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.64. For the next fiscal year, analysts expect that the business will post earnings of $1.94 per share, with EPS estimates ranging from $1.80 to $2.03. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for The Charles Schwab Corporation.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The Charles Schwab Corporation had a net margin of 26.73% and a return on equity of 15.41%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The Charles Schwab Corporation’s revenue for the quarter was up 16.5% on a year-over-year basis.

Several brokerages have commented on SCHW. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 24th. Instinet reiterated a “neutral” rating and set a $43.00 price target (down previously from $46.00) on shares of The Charles Schwab Corporation in a report on Monday, July 24th. BidaskClub upgraded The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Finally, Argus reiterated a “buy” rating and set a $48.00 price target (up previously from $46.00) on shares of The Charles Schwab Corporation in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The Charles Schwab Corporation currently has an average rating of “Buy” and an average target price of $44.83.

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Shares of The Charles Schwab Corporation (NYSE SCHW) opened at 41.61 on Thursday. The stock has a market capitalization of $55.72 billion, a P/E ratio of 27.93 and a beta of 1.64. The firm’s 50-day moving average is $40.42 and its 200 day moving average is $40.76. The Charles Schwab Corporation has a 1-year low of $29.86 and a 1-year high of $44.10.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

In related news, Chairman Charles R. Schwab sold 350,000 shares of The Charles Schwab Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $43.10, for a total value of $15,085,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terri R. Kallsen sold 10,536 shares of The Charles Schwab Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following the completion of the sale, the executive vice president now owns 5,212 shares of the company’s stock, valued at $224,897.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 925,122 shares of company stock valued at $39,733,977. 12.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. WealthTrust Arizona LLC increased its position in The Charles Schwab Corporation by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 29 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of The Charles Schwab Corporation by 9.6% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock worth $131,000 after buying an additional 287 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of The Charles Schwab Corporation during the 2nd quarter worth about $145,000. Fiduciary Trust Co. acquired a new position in shares of The Charles Schwab Corporation during the 2nd quarter worth about $163,000. Finally, Founders Capital Management acquired a new position in shares of The Charles Schwab Corporation during the 1st quarter worth about $159,000. Hedge funds and other institutional investors own 79.53% of the company’s stock.

The Charles Schwab Corporation 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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