Brokerages Expect Charles Schwab Co. (NYSE:SCHW) to Announce $0.64 Earnings Per Share

Brokerages forecast that Charles Schwab Co. (NYSE:SCHW) will report $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Charles Schwab’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.61. Charles Schwab reported earnings per share of $0.65 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.5%. The company is expected to issue its next quarterly earnings report on Wednesday, January 15th.

According to Zacks, analysts expect that Charles Schwab will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.66 to $2.70. For the next year, analysts anticipate that the business will report earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.83. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Charles Schwab had a return on equity of 20.81% and a net margin of 35.12%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. Charles Schwab’s revenue was up 5.1% on a year-over-year basis.

Several research analysts have commented on the company. Sandler O’Neill set a $45.00 target price on Charles Schwab and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wolfe Research raised shares of Charles Schwab from a “peer perform” rating to an “outperform” rating and increased their target price for the stock from $42.00 to $46.00 in a report on Tuesday, September 3rd. Raymond James downgraded shares of Charles Schwab from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. They noted that the move was a valuation call. Deutsche Bank lifted their price target on shares of Charles Schwab from $35.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Credit Suisse Group lowered their price objective on shares of Charles Schwab from $55.00 to $49.00 and set an “outperform” rating for the company in a research report on Tuesday, October 1st. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Charles Schwab has an average rating of “Hold” and an average target price of $46.47.

NYSE:SCHW traded down $0.29 during trading hours on Thursday, hitting $48.74. The company’s stock had a trading volume of 9,760,674 shares, compared to its average volume of 8,408,908. The stock has a fifty day simple moving average of $44.18 and a 200-day simple moving average of $41.36. The company has a market capitalization of $62.87 billion, a P/E ratio of 19.89, a PEG ratio of 3.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.30 and a quick ratio of 0.30. Charles Schwab has a twelve month low of $34.58 and a twelve month high of $50.97.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, November 7th. Charles Schwab’s dividend payout ratio (DPR) is currently 27.76%.

In related news, Director Arun Sarin sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.11, for a total value of $736,650.00. Following the sale, the director now owns 3,771 shares of the company’s stock, valued at $185,193.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan M. Craig sold 3,740 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $38.97, for a total transaction of $145,747.80. The disclosure for this sale can be found here. Insiders sold 427,286 shares of company stock valued at $20,169,847 in the last ninety days. 10.90% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP bought a new position in Charles Schwab during the 1st quarter valued at $1,805,000. Bogart Wealth LLC boosted its stake in shares of Charles Schwab by 17.8% in the second quarter. Bogart Wealth LLC now owns 6,104 shares of the financial services provider’s stock worth $245,000 after buying an additional 924 shares during the last quarter. West Oak Capital LLC grew its holdings in Charles Schwab by 3.9% during the second quarter. West Oak Capital LLC now owns 41,650 shares of the financial services provider’s stock worth $1,674,000 after acquiring an additional 1,564 shares during the period. National Investment Services Inc. WI grew its holdings in Charles Schwab by 34.5% during the second quarter. National Investment Services Inc. WI now owns 53,708 shares of the financial services provider’s stock worth $2,159,000 after acquiring an additional 13,772 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Charles Schwab by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 126,887 shares of the financial services provider’s stock valued at $5,100,000 after acquiring an additional 738 shares in the last quarter. 78.85% of the stock is owned by institutional investors.

Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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

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