Wall Street brokerages forecast that The Charles Schwab Corporation (NYSE:SCHW) will report $0.41 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for The Charles Schwab’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.43. The Charles Schwab reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The firm is expected to report its next earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that The Charles Schwab will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.64. For the next financial year, analysts expect that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.79 to $2.20. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow The Charles Schwab.

The Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share.

SCHW has been the subject of several analyst reports. BidaskClub downgraded shares of The Charles Schwab from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Jefferies Group reiterated a “buy” rating and issued a $49.00 target price on shares of The Charles Schwab in a report on Friday, September 15th. Morgan Stanley increased their target price on shares of The Charles Schwab from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Deutsche Bank increased their target price on shares of The Charles Schwab from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of The Charles Schwab in a report on Friday, September 15th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The Charles Schwab currently has an average rating of “Buy” and a consensus price target of $47.56.

In other The Charles Schwab news, insider Walter W. Bettinger sold 156,100 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $50.05, for a total transaction of $7,812,805.00. Following the completion of the transaction, the insider now owns 433,564 shares in the company, valued at $21,699,878.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 350,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.65, for a total transaction of $15,627,500.00. The disclosure for this sale can be found here. Insiders have sold 1,763,883 shares of company stock valued at $81,968,138 in the last 90 days. 12.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Shine Investment Advisory Services Inc. bought a new position in shares of The Charles Schwab in the second quarter valued at approximately $145,000. Fiduciary Trust Co. bought a new position in shares of The Charles Schwab in the second quarter valued at approximately $163,000. Zions Bancorporation boosted its position in shares of The Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 3,585 shares during the period. Quadrant Capital Group LLC boosted its position in shares of The Charles Schwab by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 1,082 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of The Charles Schwab by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,450 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 79.84% of the company’s stock.

Shares of The Charles Schwab (NYSE:SCHW) opened at $50.78 on Wednesday. The company has a market cap of $69,030.00, a PE ratio of 31.73, a PEG ratio of 2.11 and a beta of 1.74. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The Charles Schwab has a 1-year low of $37.16 and a 1-year high of $51.89.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The Charles Schwab’s dividend payout ratio (DPR) is presently 20.51%.

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About The Charles Schwab

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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