The Charles Schwab Corporation (SCHW) to Release Quarterly Earnings on Monday
The Charles Schwab Corporation (NYSE:SCHW) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 16th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.39. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. On average, analysts expect The Charles Schwab Corporation to post $1.61 EPS for the current fiscal year and $1.96 EPS for the next fiscal year.
The Charles Schwab Corporation (SCHW) opened at 45.34 on Monday. The stock has a 50 day moving average price of $41.08 and a 200-day moving average price of $40.89. The Charles Schwab Corporation has a 1-year low of $30.66 and a 1-year high of $46.21. The stock has a market capitalization of $60.72 billion, a P/E ratio of 30.43 and a beta of 1.68.
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In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.17, for a total value of $418,964.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph R. Martinetto sold 89,330 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $42.51, for a total transaction of $3,797,418.30. Following the completion of the sale, the executive vice president now owns 207,961 shares of the company’s stock, valued at approximately $8,840,422.11. The disclosure for this sale can be found here. Insiders sold a total of 1,035,705 shares of company stock worth $44,665,539 over the last ninety days. 12.00% of the stock is currently owned by corporate insiders.
Several brokerages have weighed in on SCHW. William Blair reaffirmed an “outperform” rating on shares of The Charles Schwab Corporation in a research report on Friday, June 16th. Deutsche Bank AG cut their price target on The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. BidaskClub downgraded The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $49.00 price target on shares of The Charles Schwab Corporation in a research report on Friday, September 15th. Finally, Morgan Stanley increased their price target on The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The Charles Schwab Corporation has an average rating of “Buy” and an average target price of $45.69.
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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