$2.32 Billion in Sales Expected for Charles Schwab Corp (SCHW) This Quarter

Brokerages expect that Charles Schwab Corp (NYSE:SCHW) will post $2.32 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Charles Schwab’s earnings, with estimates ranging from $2.28 billion to $2.34 billion. Charles Schwab posted sales of $2.08 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.5%. The company is expected to issue its next earnings report on Tuesday, April 17th.

According to Zacks, analysts expect that Charles Schwab will report full-year sales of $2.32 billion for the current financial year, with estimates ranging from $9.69 billion to $10.15 billion. For the next financial year, analysts expect that the company will post sales of $11.08 billion per share, with estimates ranging from $10.35 billion to $11.48 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. Charles Schwab had a net margin of 27.32% and a return on equity of 16.31%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Charles Schwab’s quarterly revenue was up 13.7% on a year-over-year basis.

Several research analysts have weighed in on the stock. Nomura reaffirmed a “neutral” rating and issued a $54.00 target price (up previously from $50.00) on shares of Charles Schwab in a report on Thursday, January 18th. Credit Suisse Group reaffirmed a “positive” rating and issued a $70.00 target price (up previously from $64.00) on shares of Charles Schwab in a report on Thursday, January 18th. Argus raised their target price on shares of Charles Schwab from $59.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Citigroup reaffirmed a “neutral” rating on shares of Charles Schwab in a report on Friday, January 19th. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Charles Schwab currently has an average rating of “Buy” and an average target price of $53.88.

In other Charles Schwab news, insider Marie A. Chandoha sold 56,327 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.86, for a total transaction of $2,583,156.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Walter W. Bettinger sold 262,309 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $48.15, for a total transaction of $12,630,178.35. Following the sale, the insider now owns 539,773 shares in the company, valued at $25,990,069.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,008,944 shares of company stock worth $101,205,520. 12.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bogart Wealth LLC raised its stake in Charles Schwab by 1,100.0% in the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,870 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in Charles Schwab in the 4th quarter valued at about $118,000. Acadian Asset Management LLC acquired a new position in Charles Schwab in the 4th quarter valued at about $187,000. Zions Bancorporation raised its stake in Charles Schwab by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new position in Charles Schwab in the 4th quarter valued at about $208,000. Institutional investors own 79.47% of the company’s stock.

Charles Schwab (SCHW) opened at $51.15 on Wednesday. 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 firm has a market cap of $68,288.95, a PE ratio of 31.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.63. Charles Schwab has a 12 month low of $37.16 and a 12 month high of $56.25.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, February 8th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Charles Schwab’s dividend payout ratio (DPR) is 24.84%.

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Charles Schwab 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.

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Earnings History and Estimates for Charles Schwab (NYSE:SCHW)

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