The Charles Schwab Corporation (SCHW) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

The Charles Schwab Corporation (NYSE:SCHW) issued its quarterly earnings results on Monday. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01, MarketWatch Earnings reports. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 16.07%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS.

The Charles Schwab Corporation (SCHW) opened at 43.39 on Wednesday. The Charles Schwab Corporation has a 52 week low of $30.66 and a 52 week high of $46.21. The firm has a market cap of $57.92 billion, a price-to-earnings ratio of 27.64 and a beta of 1.68. The stock’s 50 day moving average is $41.93 and its 200 day moving average is $41.08.

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In related news, EVP Terri R. Kallsen sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.99, for a total transaction of $38,990.00. Following the transaction, the executive vice president now directly owns 5,212 shares in the company, valued at $203,215.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Terri R. Kallsen sold 4,267 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.02, for a total transaction of $196,367.34. The disclosure for this sale can be found here. In the last three months, insiders sold 946,375 shares of company stock worth $40,868,121. 12.00% of the stock is currently owned by insiders.

SCHW has been the topic of several research reports. Deutsche Bank AG dropped their price objective on shares of The Charles Schwab Corporation from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 price objective (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Citigroup Inc. initiated coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Rosenblatt Securities initiated coverage on shares of The Charles Schwab Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $46.00 price objective on the stock. Finally, BidaskClub lowered shares of The Charles Schwab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The Charles Schwab Corporation has a consensus rating of “Buy” and a consensus target price of $46.80.

About The Charles Schwab Corporation

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Earnings History for The Charles Schwab Corporation (NYSE:SCHW)

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