Wall Street analysts expect that Charles Schwab Co. (NYSE:SCHW) will post $0.67 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Charles Schwab’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.64. Charles Schwab reported earnings per share of $0.55 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.8%. The company is expected to announce its next earnings report on Monday, April 15th.

According to Zacks, analysts expect that Charles Schwab will report full-year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.94. For the next fiscal year, analysts anticipate that the business will post earnings of $3.10 per share, with EPS estimates ranging from $2.90 to $3.26. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Charles Schwab.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Charles Schwab had a net margin of 34.61% and a return on equity of 20.28%. Charles Schwab’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, January 3rd. Credit Suisse Group upped their price objective on shares of Charles Schwab from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, January 17th. Morgan Stanley restated an “overweight” rating on shares of Charles Schwab in a research report on Thursday, November 15th. Barclays reduced their price target on shares of Charles Schwab from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, October 22nd. Finally, ValuEngine upgraded shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Charles Schwab currently has a consensus rating of “Buy” and an average price target of $54.31.

Shares of SCHW stock traded down $0.02 during trading on Monday, hitting $44.74. The company had a trading volume of 4,468,389 shares, compared to its average volume of 7,113,678. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32. The stock has a market cap of $60.45 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.37. Charles Schwab has a 52 week low of $37.83 and a 52 week high of $60.22.

Charles Schwab declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be given a dividend of $0.17 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is presently 21.22%.

In other news, Chairman Charles R. Schwab sold 383,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $46.97, for a total value of $17,989,510.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Walter W. Bettinger bought 124,669 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was purchased at an average price of $38.81 per share, for a total transaction of $4,838,403.89. Following the acquisition, the insider now directly owns 335,093 shares of the company’s stock, valued at approximately $13,004,959.33. The disclosure for this purchase can be found here. Insiders sold 641,652 shares of company stock worth $30,138,896 in the last 90 days. Company insiders own 11.50% of the company’s stock.

Several institutional investors have recently modified their holdings of SCHW. Laurel Wealth Advisors LLC purchased a new stake in Charles Schwab in the fourth quarter worth $31,000. First Personal Financial Services lifted its stake in Charles Schwab by 51.9% in the fourth quarter. First Personal Financial Services now owns 825 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 282 shares during the period. Proficio Capital Partners LLC lifted its stake in Charles Schwab by 70.2% in the fourth quarter. Proficio Capital Partners LLC now owns 1,028 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 424 shares during the period. Massey Quick Simon & CO. LLC lifted its stake in Charles Schwab by 29.2% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,260 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 285 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its stake in Charles Schwab by 33.9% in the fourth quarter. Duncker Streett & Co. Inc. now owns 1,580 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 79.78% of the company’s stock.

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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