Zacks: Brokerages Expect The Charles Schwab Corporation (SCHW) to Post $0.42 EPS

Equities analysts expect that The Charles Schwab Corporation (NYSE:SCHW) will report $0.42 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for The Charles Schwab Corporation’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. The Charles Schwab Corporation posted earnings of $0.36 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, January 17th.

On average, analysts expect that The Charles Schwab Corporation will report full year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.59 to $1.64. For the next fiscal year, analysts expect that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.79 to $2.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover The Charles Schwab Corporation.

The Charles Schwab Corporation (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion for 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 revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS.

A number of research analysts have recently issued reports on the company. Nomura downgraded The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Instinet reissued a “neutral” rating and issued a $43.00 price objective (down from $46.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 24th. BidaskClub downgraded The Charles Schwab Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Deutsche Bank AG boosted their price objective on The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $51.00 price objective (up from $48.00) on shares of The Charles Schwab Corporation in a research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Charles Schwab Corporation presently has an average rating of “Buy” and a consensus target price of $47.07.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $45.59, for a total transaction of $319,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marie A. Chandoha sold 9,705 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.17, for a total value of $418,964.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,067,798 shares of company stock worth $46,645,783. 12.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. BlackRock Inc. increased its holdings in The Charles Schwab Corporation by 1,921.5% during the 1st quarter. BlackRock Inc. now owns 71,876,119 shares of the financial services provider’s stock worth $2,933,263,000 after purchasing an additional 68,320,480 shares in the last quarter. Capital Research Global Investors increased its holdings in The Charles Schwab Corporation by 86.3% during the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock worth $1,041,230,000 after purchasing an additional 11,224,199 shares in the last quarter. Janus Henderson Group PLC increased its holdings in The Charles Schwab Corporation by 1,766.9% during the 2nd quarter. Janus Henderson Group PLC now owns 9,357,736 shares of the financial services provider’s stock worth $402,011,000 after purchasing an additional 8,856,483 shares in the last quarter. Findlay Park Partners LLP bought a new stake in The Charles Schwab Corporation during the 1st quarter worth approximately $218,669,000. Finally, FMR LLC increased its holdings in The Charles Schwab Corporation by 18.2% during the 1st quarter. FMR LLC now owns 27,637,472 shares of the financial services provider’s stock worth $1,127,886,000 after purchasing an additional 4,259,181 shares in the last quarter. 79.46% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/11/13/zacks-brokerages-expect-the-charles-schwab-corporation-schw-to-post-0-42-eps.html.

Shares of The Charles Schwab Corporation (NYSE:SCHW) traded down 0.97% during trading on Friday, reaching $44.91. 5,233,009 shares of the company traded hands. The stock has a market capitalization of $60.13 billion, a PE ratio of 28.61 and a beta of 1.68. The firm has a 50 day moving average of $43.20 and a 200 day moving average of $41.36. The Charles Schwab Corporation has a 52 week low of $30.66 and a 52 week high of $46.21.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, November 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is currently 20.51%.

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.

Get a free copy of the Zacks research report on The Charles Schwab Corporation (SCHW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply