Analysts forecast that The Charles Schwab Corporation (NYSE:SCHW) will announce $2.21 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for The Charles Schwab Corporation’s earnings, with the lowest sales estimate coming in at $2.18 billion and the highest estimate coming in at $2.27 billion. The Charles Schwab Corporation posted sales of $1.97 billion in the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The firm is expected to issue its next earnings results on Wednesday, January 17th.

On average, analysts expect that The Charles Schwab Corporation will report full-year sales of $2.21 billion for the current financial year, with estimates ranging from $8.55 billion to $8.70 billion. For the next financial year, analysts anticipate that the business will post sales of $9.79 billion per share, with estimates ranging from $9.29 billion to $10.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for The Charles Schwab Corporation.

The Charles Schwab Corporation (NYSE:SCHW) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. The Charles Schwab Corporation’s revenue for the quarter was up 13.1% on a year-over-year basis.

Several equities research analysts have recently issued reports on SCHW shares. BidaskClub downgraded shares of The Charles Schwab Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Deutsche Bank AG lowered their price objective on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Morgan Stanley raised their price objective on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Barclays PLC raised their price objective on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Finally, Citigroup Inc. started coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.07.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/30/2-21-billion-in-sales-expected-for-the-charles-schwab-corporation-schw-this-quarter.html.

Shares of The Charles Schwab Corporation (SCHW) opened at 44.91 on Monday. The firm’s 50-day moving average is $43.20 and its 200 day moving average is $41.36. 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 $60.13 billion, a P/E ratio of 28.61 and a beta of 1.68.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The Charles Schwab Corporation’s dividend payout ratio is currently 20.51%.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 9,705 shares of The Charles Schwab Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total transaction of $418,964.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terri R. Kallsen sold 2,000 shares of The Charles Schwab Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $43.07, for a total value of $86,140.00. Following the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,480.84. The disclosure for this sale can be found here. Insiders have sold 1,041,798 shares of company stock worth $45,532,983 in the last quarter. Corporate insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Stewart & Patten Co. LLC bought a new position in shares of The Charles Schwab Corporation during the third quarter valued at $268,000. Northern Capital Management LLC lifted its holdings in shares of The Charles Schwab Corporation by 14.3% during the third quarter. Northern Capital Management LLC now owns 101,069 shares of the financial services provider’s stock valued at $4,421,000 after acquiring an additional 12,640 shares during the period. Private Capital Management Inc. lifted its holdings in shares of The Charles Schwab Corporation by 21.5% during the third quarter. Private Capital Management Inc. now owns 12,150 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 2,150 shares during the period. Stack Financial Management Inc lifted its holdings in shares of The Charles Schwab Corporation by 1.4% during the third quarter. Stack Financial Management Inc now owns 440,686 shares of the financial services provider’s stock valued at $19,276,000 after acquiring an additional 6,201 shares during the period. Finally, Well Done LLC bought a new position in shares of The Charles Schwab Corporation during the third quarter valued at $782,000. 79.46% of the stock is owned by institutional investors.

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.

Get a free copy of the Zacks research report on The Charles Schwab Corporation (SCHW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.