Charles Schwab (SCHW) Scheduled to Post Earnings on Monday

Charles Schwab (NYSE:SCHW) is scheduled to be posting its quarterly earnings results before the market opens on Monday, April 15th. Analysts expect Charles Schwab to post earnings of $0.74 per share for the quarter.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Charles Schwab had a return on equity of 21.33% and a net margin of 26.90%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, analysts expect Charles Schwab to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Charles Schwab Trading Down 1.6 %

SCHW opened at $71.10 on Thursday. The firm has a market cap of $126.28 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.09 and a beta of 1.01. Charles Schwab has a 12 month low of $45.65 and a 12 month high of $72.97. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $67.26 and a 200 day moving average of $62.23.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a yield of 1.41%. Charles Schwab’s dividend payout ratio is currently 39.37%.

Wall Street Analyst Weigh In

SCHW has been the subject of several recent analyst reports. TD Cowen upgraded Charles Schwab from a “market perform” rating to an “outperform” rating and set a $87.00 target price for the company in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Charles Schwab from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group boosted their price target on Charles Schwab from $72.00 to $82.00 and gave the company a “buy” rating in a report on Friday, December 15th. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Citigroup lowered Charles Schwab from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $70.00 in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and an average target price of $72.06.

Insider Buying and Selling at Charles Schwab

In related news, Chairman Charles R. Schwab sold 71,226 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the transaction, the chairman now owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Charles R. Schwab sold 71,226 shares of Charles Schwab stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.99, for a total transaction of $4,628,977.74. Following the completion of the sale, the chairman now directly owns 61,251,038 shares of the company’s stock, valued at approximately $3,980,704,959.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the sale, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,584 shares of company stock worth $14,200,769. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Main Street Group LTD acquired a new position in Charles Schwab in the fourth quarter valued at $29,000. Worth Asset Management LLC purchased a new stake in shares of Charles Schwab in the first quarter valued at about $32,000. State of Wyoming raised its holdings in Charles Schwab by 71.0% during the second quarter. State of Wyoming now owns 624 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 259 shares in the last quarter. Gould Capital LLC raised its holdings in Charles Schwab by 33.3% during the first quarter. Gould Capital LLC now owns 800 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 200 shares in the last quarter. Finally, Quilter Plc raised its holdings in Charles Schwab by 51.9% during the fourth quarter. Quilter Plc now owns 650 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 222 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.