$0.51 EPS Expected for Charles Schwab Co. (NYSE:SCHW) This Quarter

Wall Street analysts expect Charles Schwab Co. (NYSE:SCHW) to report $0.51 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Charles Schwab’s earnings, with estimates ranging from $0.46 to $0.55. Charles Schwab reported earnings of $0.74 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 31.1%. The firm is expected to issue its next earnings results on Tuesday, October 20th.

According to Zacks, analysts expect that Charles Schwab will report full year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.22. For the next year, analysts forecast that the business will post earnings of $1.81 per share, with EPS estimates ranging from $1.57 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, July 16th. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Charles Schwab had a return on equity of 15.86% and a net margin of 31.48%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year.

A number of research firms have recently issued reports on SCHW. TheStreet cut Charles Schwab from a “b-” rating to a “c” rating in a research report on Monday, July 27th. Bank of America cut their price objective on Charles Schwab from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Deutsche Bank raised their price objective on Charles Schwab from $37.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Wells Fargo & Company raised their price objective on Charles Schwab from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Finally, Raymond James reaffirmed a “hold” rating on shares of Charles Schwab in a research report on Thursday, August 6th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.50.

In other Charles Schwab news, Chairman Charles R. Schwab sold 65,056 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $33.19, for a total transaction of $2,159,208.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 200,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $34.11, for a total value of $6,822,000.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of SCHW. Wellington Management Group LLP increased its stake in Charles Schwab by 227.0% during the 1st quarter. Wellington Management Group LLP now owns 34,307,522 shares of the financial services provider’s stock worth $1,153,419,000 after acquiring an additional 23,815,930 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Charles Schwab by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 30,345,188 shares of the financial services provider’s stock valued at $1,020,205,000 after purchasing an additional 5,568,071 shares during the last quarter. Greenhaven Associates Inc. bought a new position in shares of Charles Schwab in the 2nd quarter valued at $123,612,000. Nuance Investments LLC increased its stake in shares of Charles Schwab by 308.9% in the 1st quarter. Nuance Investments LLC now owns 3,714,043 shares of the financial services provider’s stock valued at $124,866,000 after purchasing an additional 2,805,777 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Charles Schwab by 18.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,995,456 shares of the financial services provider’s stock valued at $571,386,000 after purchasing an additional 2,646,859 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

NYSE SCHW traded up $0.58 during trading hours on Friday, hitting $34.94. 5,762,719 shares of the company traded hands, compared to its average volume of 11,454,854. Charles Schwab has a twelve month low of $28.00 and a twelve month high of $51.65. The stock has a market capitalization of $45.03 billion, a price-to-earnings ratio of 14.68 and a beta of 1.17. The business’s 50-day moving average is $35.19 and its 200-day moving average is $34.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.30 and a current ratio of 0.30.

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. Charles Schwab’s dividend payout ratio (DPR) is currently 26.47%.

About Charles Schwab

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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