Charles Schwab Corp. (SCHW) to Release Earnings on Tuesday
Charles Schwab Corp. (NASDAQ:SCHW) is scheduled to be posting its Q313 quarterly earnings results on Tuesday, October 15th. Analysts expect Charles Schwab Corp. to post earnings of $0.20 per share and revenue of $1.34 billion for the quarter.
Charles Schwab Corp. (NASDAQ:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.20 earnings per share. Charles Schwab Corp.’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Charles Schwab Corp. to post $0.74 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.
Charles Schwab Corp. (NASDAQ:SCHW) opened at 21.78 on Monday. Charles Schwab Corp. has a 52 week low of $12.47 and a 52 week high of $22.84. The stock has a 50-day moving average of $21.43 and a 200-day moving average of $20.12. The company has a market cap of $27.985 billion and a P/E ratio of 32.41.
A number of analysts have recently weighed in on SCHW shares. Analysts at JMP Securities initiated coverage on shares of Charles Schwab Corp. in a research note to investors on Wednesday, October 9th. They set a “market perform” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp. in a research note to investors on Tuesday, September 3rd. They now have a $22.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Charles Schwab Corp. to $19.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.15.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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