Analysts Expect Charles Schwab Co. (NYSE:SCHW) to Announce $0.65 EPS

Analysts forecast that Charles Schwab Co. (NYSE:SCHW) will announce earnings per share (EPS) of $0.65 for the current quarter, according to Zacks Investment Research. Three analysts have made 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 posted earnings of $0.69 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The business is expected to report its next quarterly earnings results on Monday, April 20th.

On average, analysts expect that Charles Schwab will report full-year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.50 to $2.78. For the next financial year, analysts expect that the business will report earnings of $2.78 per share, with EPS estimates ranging from $2.44 to $3.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Charles Schwab.

Charles Schwab (NYSE:SCHW) last released its earnings results on Thursday, January 16th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Charles Schwab had a net margin of 34.55% and a return on equity of 20.22%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was down 3.4% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Sandler O’Neill set a $45.00 target price on shares of Charles Schwab and gave the company a “buy” rating in a research report on Tuesday, October 15th. Zacks Investment Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Tuesday, December 17th. Morgan Stanley upped their target price on shares of Charles Schwab from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank upped their price target on Charles Schwab from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Charles Schwab in a research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.73.

In related news, Director Arun Sarin sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $49.11, for a total transaction of $736,650.00. Following the completion of the sale, the director now directly owns 3,771 shares of the company’s stock, valued at approximately $185,193.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jonathan M. Craig sold 3,162 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $47.33, for a total value of $149,657.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 349,364 shares of company stock valued at $17,174,848. 10.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHW. Venturi Wealth Management LLC bought a new stake in Charles Schwab during the 3rd quarter worth approximately $26,000. Winslow Evans & Crocker Inc. increased its stake in Charles Schwab by 78.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 584 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Charles Schwab by 303.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 802 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 603 shares in the last quarter. Gradient Investments LLC increased its stake in Charles Schwab by 526.2% during the 3rd quarter. Gradient Investments LLC now owns 814 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 684 shares in the last quarter. Finally, Thor Advisors LLC bought a new stake in Charles Schwab during the 3rd quarter worth approximately $34,000. 78.78% of the stock is owned by institutional investors and hedge funds.

Charles Schwab stock traded down $0.66 during trading hours on Friday, reaching $48.34. 10,257,057 shares of the company’s stock traded hands, compared to its average volume of 7,079,946. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. Charles Schwab has a fifty-two week low of $34.58 and a fifty-two week high of $51.65. The firm has a market capitalization of $62.83 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 3.11 and a beta of 1.39. The firm’s 50 day moving average is $48.54 and its 200-day moving average is $42.74.

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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