Zacks: Analysts Expect Charles Schwab Co. Common Stock (SCHW) Will Post Quarterly Sales of $2.55 Billion

Equities research analysts expect Charles Schwab Co. Common Stock (NYSE:SCHW) to announce $2.55 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Charles Schwab Co. Common Stock’s earnings, with the highest sales estimate coming in at $2.57 billion and the lowest estimate coming in at $2.53 billion. Charles Schwab Co. Common Stock posted sales of $2.17 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.5%. The company is scheduled to report its next earnings report on Monday, October 15th.

According to Zacks, analysts expect that Charles Schwab Co. Common Stock will report full year sales of $10.09 billion for the current financial year, with estimates ranging from $10.04 billion to $10.19 billion. For the next fiscal year, analysts expect that the company will report sales of $11.31 billion per share, with estimates ranging from $11.08 billion to $11.67 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Charles Schwab Co. Common Stock.

Charles Schwab Co. Common Stock (NYSE:SCHW) last posted its earnings results on Tuesday, July 17th. The financial services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Charles Schwab Co. Common Stock had a net margin of 30.83% and a return on equity of 17.96%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. Charles Schwab Co. Common Stock’s revenue for the quarter was up 16.7% compared to the same quarter last year.

A number of research analysts have commented on SCHW shares. Morgan Stanley decreased their target price on shares of Charles Schwab Co. Common Stock from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 25th. Credit Suisse Group upped their target price on shares of Charles Schwab Co. Common Stock from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. JPMorgan Chase & Co. set a $59.00 target price on shares of Charles Schwab Co. Common Stock and gave the company a “buy” rating in a research report on Monday, July 16th. Citigroup decreased their target price on shares of Charles Schwab Co. Common Stock from $49.00 to $48.00 and set a “sell” rating on the stock in a research report on Monday, July 23rd. Finally, Zacks Investment Research cut shares of Charles Schwab Co. Common Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.80.

In other news, Chairman Charles R. Schwab sold 101,970 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $59.13, for a total transaction of $6,029,486.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 210,750 shares of the stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $59.45, for a total transaction of $12,529,087.50. The disclosure for this sale can be found here. Insiders have sold 641,855 shares of company stock worth $36,835,999 in the last three months. Corporate insiders own 11.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC increased its stake in shares of Charles Schwab Co. Common Stock by 118.6% during the first quarter. Massey Quick Simon & CO. LLC now owns 2,088 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,133 shares during the period. Acropolis Investment Management LLC purchased a new stake in shares of Charles Schwab Co. Common Stock during the second quarter worth approximately $115,000. Well Done LLC purchased a new stake in shares of Charles Schwab Co. Common Stock during the first quarter worth approximately $118,000. Kaizen Advisory LLC increased its stake in shares of Charles Schwab Co. Common Stock by 157.6% during the second quarter. Kaizen Advisory LLC now owns 2,980 shares of the financial services provider’s stock worth $152,000 after buying an additional 1,823 shares during the period. Finally, Sun Life Financial INC increased its stake in shares of Charles Schwab Co. Common Stock by 1,041.8% during the second quarter. Sun Life Financial INC now owns 3,254 shares of the financial services provider’s stock worth $166,000 after buying an additional 2,969 shares during the period. Hedge funds and other institutional investors own 80.26% of the company’s stock.

NYSE SCHW traded down $0.12 during trading hours on Friday, reaching $50.61. The company had a trading volume of 4,341,708 shares, compared to its average volume of 6,012,563. Charles Schwab Co. Common Stock has a 1-year low of $38.06 and a 1-year high of $60.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.29. The stock has a market capitalization of $68.54 billion, a P/E ratio of 25.24, a PEG ratio of 1.27 and a beta of 1.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Friday, August 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, August 9th. This is a boost from Charles Schwab Co. Common Stock’s previous quarterly dividend of $0.10. Charles Schwab Co. Common Stock’s dividend payout ratio is currently 31.71%.

About Charles Schwab Co. Common Stock

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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