Wall Street analysts expect The Charles Schwab Corporation (NYSE:SCHW) to announce sales of $2.18 billion for the current quarter, Zacks reports. Six analysts have issued estimates for The Charles Schwab Corporation’s earnings, with the highest sales estimate coming in at $2.21 billion and the lowest estimate coming in at $2.17 billion. The Charles Schwab Corporation reported sales of $1.91 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The company is expected to announce its next earnings results on Monday, October 16th.

According to Zacks, analysts expect that The Charles Schwab Corporation will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $8.59 billion to $8.70 billion. For the next financial year, analysts expect that the business will report sales of $9.73 billion per share, with estimates ranging from $9.37 billion to $9.96 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover The Charles Schwab Corporation.

The Charles Schwab Corporation (NYSE:SCHW) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The Charles Schwab Corporation had a return on equity of 15.41% and a net margin of 26.73%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year.

SCHW has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of The Charles Schwab Corporation in a report on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 price target (up from $44.00) on shares of The Charles Schwab Corporation in a report on Monday, May 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $43.00 price target (down from $45.00) on shares of The Charles Schwab Corporation in a report on Saturday, April 22nd. SunTrust Banks, Inc. decreased their price target on The Charles Schwab Corporation from $45.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 price target on shares of The Charles Schwab Corporation in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The Charles Schwab Corporation has a consensus rating of “Buy” and a consensus price target of $44.00.

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The Charles Schwab Corporation (NYSE SCHW) opened at 40.93 on Wednesday. The Charles Schwab Corporation has a 12 month low of $29.86 and a 12 month high of $44.10. The company’s 50-day moving average price is $42.64 and its 200 day moving average price is $41.01. The firm has a market capitalization of $54.81 billion, a price-to-earnings ratio of 27.47 and a beta of 1.63.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

In related news, EVP Terri R. Kallsen sold 10,536 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.15, for a total value of $454,628.40. Following the transaction, the executive vice president now owns 5,212 shares in the company, valued at approximately $224,897.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph R. Martinetto sold 89,330 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $42.51, for a total value of $3,797,418.30. Following the completion of the transaction, the executive vice president now owns 207,961 shares in the company, valued at approximately $8,840,422.11. The disclosure for this sale can be found here. Insiders sold a total of 924,122 shares of company stock worth $39,694,987 in the last 90 days. 12.00% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of SCHW. First Manhattan Co. boosted its position in shares of The Charles Schwab Corporation by 395.9% in the first quarter. First Manhattan Co. now owns 1,252,265 shares of the financial services provider’s stock valued at $39,534,000 after buying an additional 999,750 shares during the period. 1ST Source Bank boosted its position in shares of The Charles Schwab Corporation by 65.7% in the first quarter. 1ST Source Bank now owns 52,583 shares of the financial services provider’s stock valued at $2,146,000 after buying an additional 20,847 shares during the period. Reilly Financial Advisors LLC boosted its position in shares of The Charles Schwab Corporation by 10.0% in the first quarter. Reilly Financial Advisors LLC now owns 4,571 shares of the financial services provider’s stock valued at $187,000 after buying an additional 415 shares during the period. First Mercantile Trust Co. boosted its position in shares of The Charles Schwab Corporation by 10.5% in the first quarter. First Mercantile Trust Co. now owns 78,728 shares of the financial services provider’s stock valued at $3,213,000 after buying an additional 7,496 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of The Charles Schwab Corporation during the first quarter valued at about $5,391,000. Hedge funds and other institutional investors own 79.45% of the company’s stock.

About The Charles Schwab Corporation

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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