Charles Schwab Corp. (SCHW) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Charles Schwab Corp. (NASDAQ:SCHW) posted its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.02, Analyst Ratings Network.com reports. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.19 earnings per share. Charles Schwab Corp.’s revenue was up 14.8% compared to the same quarter last year. Charles Schwab Corp. updated its FY13 guidance to mid-$0.70s EPS.
Charles Schwab Corp. (NASDAQ:SCHW) opened at 22.01 on Tuesday. 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 $21.4 and a 200-day moving average of $20.19. The company has a market cap of $28.281 billion and a price-to-earnings ratio of 33.35.
SCHW has been the subject of a number of recent research reports. 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 the ratings front, 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 investment 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 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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