Charles Schwab Corp (SCHW) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Charles Schwab Corp (NASDAQ:SCHW) posted its quarterly earnings results on Tuesday. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.02, AnalystRatingsNetwork reports. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis.
Shares of Charles Schwab Corp (NASDAQ:SCHW) opened at 25.30 on Tuesday. Charles Schwab Corp has a 52-week low of $16.05 and a 52-week high of $29.13. The stock has a 50-day moving average of $26.77 and a 200-day moving average of $24.99. The company has a market cap of $32.854 billion and a P/E ratio of 32.44.
SCHW has been the subject of a number of recent research reports. Analysts at UBS AG upgraded shares of Charles Schwab Corp from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $33.00 price target on the stock, up previously from $28.00. On the ratings front, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Thursday, April 10th. They now have a $27.00 price target on the stock, down previously from $28.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Wednesday, March 5th. They now have a $28.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.54.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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