Brokerages predict that Charles Schwab Co. (NYSE:SCHW) will report sales of $2.67 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Charles Schwab’s earnings, with estimates ranging from $2.62 billion to $2.69 billion. Charles Schwab reported sales of $2.40 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, April 15th.

On average, analysts expect that Charles Schwab will report full year sales of $11.08 billion for the current year, with estimates ranging from $10.81 billion to $11.30 billion. For the next year, analysts forecast that the firm will post sales of $11.82 billion, with estimates ranging from $11.28 billion to $12.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Charles Schwab.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Charles Schwab had a net margin of 32.65% and a return on equity of 19.02%. The business had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis.

A number of brokerages recently weighed in on SCHW. Zacks Investment Research cut shares of Charles Schwab from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. Credit Suisse Group boosted their target price on Charles Schwab from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday. ValuEngine upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley lowered their price objective on Charles Schwab from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, January 4th. Finally, Wolfe Research upgraded Charles Schwab from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $54.94.

Shares of NYSE SCHW traded up $0.06 during midday trading on Monday, reaching $46.76. 350,057 shares of the company traded hands, compared to its average volume of 7,323,513. Charles Schwab has a 52 week low of $37.83 and a 52 week high of $60.22. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The stock has a market cap of $59.76 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.04 and a beta of 1.35.

Charles Schwab announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Charles Schwab news, insider Marie A. Chandoha sold 12,400 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $47.18, for a total value of $585,032.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Charles R. Schwab sold 383,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $46.97, for a total value of $17,989,510.00. The disclosure for this sale can be found here. Insiders sold 404,052 shares of company stock worth $18,963,928 over the last quarter. Company insiders own 11.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc grew its holdings in shares of Charles Schwab by 0.9% during the third quarter. Vanguard Group Inc now owns 88,586,138 shares of the financial services provider’s stock worth $4,354,008,000 after purchasing an additional 820,257 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Charles Schwab by 2.6% during the third quarter. BlackRock Inc. now owns 86,976,839 shares of the financial services provider’s stock worth $4,274,909,000 after purchasing an additional 2,179,682 shares during the last quarter. FMR LLC grew its holdings in shares of Charles Schwab by 13.7% during the second quarter. FMR LLC now owns 65,193,384 shares of the financial services provider’s stock worth $3,331,382,000 after purchasing an additional 7,868,551 shares during the last quarter. Edgewood Management LLC grew its holdings in shares of Charles Schwab by 1.6% during the third quarter. Edgewood Management LLC now owns 21,966,947 shares of the financial services provider’s stock worth $1,079,675,000 after purchasing an additional 349,106 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Charles Schwab by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 12,675,853 shares of the financial services provider’s stock worth $623,016,000 after purchasing an additional 108,436 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

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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