Equities analysts expect Charles Schwab Co. Common Stock (NYSE:SCHW) to report earnings of $0.63 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Charles Schwab Co. Common Stock’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.62. Charles Schwab Co. Common Stock reported earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is expected to announce its next quarterly earnings results on Monday, October 15th.

According to Zacks, analysts expect that Charles Schwab Co. Common Stock will report full year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.47. For the next fiscal year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.66 to $2.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Charles Schwab Co. Common Stock.

Charles Schwab Co. Common Stock (NYSE:SCHW) last announced its earnings results on Tuesday, July 17th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Charles Schwab Co. Common Stock had a return on equity of 17.96% and a net margin of 30.83%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Several brokerages recently weighed in on SCHW. Compass Point started coverage on Charles Schwab Co. Common Stock in a research note on Tuesday, June 5th. They set a “neutral” rating and a $60.00 target price for the company. ValuEngine upgraded Charles Schwab Co. Common Stock from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research upgraded Charles Schwab Co. Common Stock from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, June 26th. Wells Fargo & Co raised their price objective on Charles Schwab Co. Common Stock from $54.00 to $56.00 and gave the stock a “$54.22” rating in a research report on Wednesday, July 18th. Finally, Morgan Stanley raised their price objective on Charles Schwab Co. Common Stock from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.80.

In related news, Director Mark A. Goldfarb sold 2,174 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $56.67, for a total transaction of $123,200.58. Following the completion of the transaction, the director now owns 5,045 shares in the company, valued at approximately $285,900.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher V. Dodds sold 15,718 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $51.14, for a total value of $803,818.52. Following the transaction, the director now owns 7,592 shares of the company’s stock, valued at approximately $388,254.88. The disclosure for this sale can be found here. Insiders sold a total of 221,021 shares of company stock valued at $11,683,197 in the last quarter. Corporate insiders own 11.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Hills Bank & Trust Co. lifted its position in shares of Charles Schwab Co. Common Stock by 4.8% during the 2nd quarter. Hills Bank & Trust Co. now owns 34,120 shares of the financial services provider’s stock worth $1,743,000 after buying an additional 1,556 shares during the period. Xact Kapitalforvaltning AB increased its holdings in Charles Schwab Co. Common Stock by 3.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 212,767 shares of the financial services provider’s stock valued at $10,872,000 after purchasing an additional 7,685 shares in the last quarter. Sumitomo Life Insurance Co. increased its holdings in Charles Schwab Co. Common Stock by 4.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 60,348 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 2,436 shares in the last quarter. Provident Trust Co. increased its holdings in Charles Schwab Co. Common Stock by 1.9% during the 2nd quarter. Provident Trust Co. now owns 2,390,144 shares of the financial services provider’s stock valued at $122,136,000 after purchasing an additional 45,295 shares in the last quarter. Finally, CapWealth Advisors LLC increased its holdings in Charles Schwab Co. Common Stock by 8.7% during the 1st quarter. CapWealth Advisors LLC now owns 26,809 shares of the financial services provider’s stock valued at $1,400,000 after purchasing an additional 2,144 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

NYSE:SCHW traded up $0.38 during mid-day trading on Monday, hitting $50.55. 3,752,517 shares of the company’s stock traded hands, compared to its average volume of 5,566,371. Charles Schwab Co. Common Stock has a 12 month low of $38.06 and a 12 month high of $60.22. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 1.28 and a beta of 1.56. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a $0.13 dividend. The ex-dividend date was Thursday, August 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. Charles Schwab Co. Common Stock’s dividend payout ratio (DPR) is currently 31.71%.

Charles Schwab Co. Common Stock 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 Co. Common Stock (NYSE:SCHW)

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