Wall Street brokerages forecast that Charles Schwab Corp (NYSE:SCHW) will report earnings per share of $0.52 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Charles Schwab’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.55. Charles Schwab reported earnings of $0.39 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is expected to issue its next quarterly earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Charles Schwab will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.48. For the next financial year, analysts anticipate that the firm will report earnings of $2.78 per share, with EPS estimates ranging from $2.50 to $3.03. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Charles Schwab.
Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share.
In other Charles Schwab news, EVP Bernard J. Clark sold 50,444 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $50.52, for a total value of $2,548,430.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 350,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,008,944 shares of company stock worth $101,205,520. 12.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Atria Investments LLC lifted its position in shares of Charles Schwab by 11.8% during the 4th quarter. Atria Investments LLC now owns 18,096 shares of the financial services provider’s stock valued at $930,000 after buying an additional 1,907 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Charles Schwab by 311.7% during the 4th quarter. State of Alaska Department of Revenue now owns 141,615 shares of the financial services provider’s stock valued at $7,272,000 after buying an additional 107,221 shares during the last quarter. CAPROCK Group Inc. lifted its position in shares of Charles Schwab by 22.3% during the 3rd quarter. CAPROCK Group Inc. now owns 6,532 shares of the financial services provider’s stock valued at $286,000 after buying an additional 1,190 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new position in shares of Charles Schwab during the 4th quarter valued at $5,306,000. Finally, Sentry Investment Management LLC lifted its position in shares of Charles Schwab by 11.6% during the 2nd quarter. Sentry Investment Management LLC now owns 96,298 shares of the financial services provider’s stock valued at $4,137,000 after buying an additional 9,971 shares during the last quarter. 79.47% of the stock is currently owned by institutional investors and hedge funds.
Charles Schwab (SCHW) traded up $0.79 during midday trading on Monday, hitting $50.91. The stock had a trading volume of 1,811,411 shares, compared to its average volume of 7,837,192. The company has a market capitalization of $67,189.67, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. Charles Schwab has a 52-week low of $37.16 and a 52-week high of $56.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.10 per share. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. Charles Schwab’s payout ratio is presently 24.84%.
About 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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