Wall Street analysts forecast that Charles Schwab Co. (NYSE:SCHW) will report $0.64 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Charles Schwab’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.66. Charles Schwab reported earnings per share of $0.65 in the same quarter last year, which indicates a negative year over year growth rate of 1.5%. The business is scheduled to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $2.66 to $2.70. For the next fiscal year, analysts expect that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.50 to $2.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Several brokerages have commented on SCHW. JPMorgan Chase & Co. lowered their price target on Charles Schwab from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Compass Point upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, December 12th. Morgan Stanley increased their price target on Charles Schwab from $49.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Bank of America reiterated a “neutral” rating and set a price target (up previously from ) on shares of Charles Schwab in a report on Monday. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Charles Schwab in a report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.25.

In other Charles Schwab news, EVP Peter J. Morgan III sold 2,500 shares of Charles Schwab stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.02, for a total transaction of $122,550.00. Following the sale, the executive vice president now owns 14,180 shares in the company, valued at $695,103.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter J. Morgan III sold 624 shares of Charles Schwab stock in a transaction on Friday, November 29th. The stock was sold at an average price of $49.70, for a total transaction of $31,012.80. Following the sale, the executive vice president now owns 13,556 shares in the company, valued at approximately $673,733.20. The disclosure for this sale can be found here. Insiders have sold 346,202 shares of company stock worth $17,025,191 in the last quarter. Corporate insiders own 10.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of Charles Schwab by 3.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 32,701 shares of the financial services provider’s stock valued at $1,367,000 after acquiring an additional 1,150 shares during the period. Atlanta Capital Management Co. L L C grew its stake in Charles Schwab by 2.9% during the second quarter. Atlanta Capital Management Co. L L C now owns 936,913 shares of the financial services provider’s stock worth $37,655,000 after purchasing an additional 26,327 shares during the period. Condor Capital Management grew its stake in Charles Schwab by 2.7% during the third quarter. Condor Capital Management now owns 45,055 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 1,188 shares during the period. Vanguard Group Inc. grew its stake in Charles Schwab by 0.9% during the second quarter. Vanguard Group Inc. now owns 91,211,828 shares of the financial services provider’s stock worth $3,665,804,000 after purchasing an additional 794,114 shares during the period. Finally, Evoke Wealth LLC acquired a new stake in Charles Schwab during the third quarter worth approximately $212,000. Hedge funds and other institutional investors own 78.78% of the company’s stock.

Shares of SCHW stock opened at $47.71 on Friday. Charles Schwab has a 12 month low of $34.58 and a 12 month high of $51.65. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $48.62 and its two-hundred day moving average is $42.62. The company has a market cap of $61.29 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 3.20 and a beta of 1.39.

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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