Charles Schwab (SCHW) to Release Quarterly Earnings on Tuesday

Charles Schwab (NYSE:SCHW) is anticipated to release its earnings data before the market opens on Tuesday, January 21st. Analysts expect Charles Schwab to post earnings of $0.90 per share and revenue of $5,190,822.51 billion for the quarter.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.77 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 Stock Performance

NYSE SCHW traded up $1.41 during trading on Wednesday, reaching $73.75. The company’s stock had a trading volume of 8,466,648 shares, compared to its average volume of 8,074,700. Charles Schwab has a 12 month low of $59.67 and a 12 month high of $83.35. The firm has a 50 day moving average price of $77.62 and a 200 day moving average price of $70.58. The firm has a market capitalization of $131.25 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, November 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.06%.

Insiders Place Their Bets

In related news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the sale, the director now owns 551,329 shares of the company’s stock, valued at $39,783,900.64. The trade was a 5.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $82.01, for a total value of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at $1,481,838.69. The trade was a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,623 shares of company stock valued at $4,321,562 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

SCHW has been the subject of several analyst reports. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays raised Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $95.00 in a research note on Monday, December 9th. Truist Financial upgraded shares of Charles Schwab to a “strong-buy” rating in a research note on Monday, January 6th. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.63.

About Charles Schwab

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.