Charles Schwab (SCHW) to Release Quarterly Earnings on Thursday

Charles Schwab (NYSE:SCHW) will likely be announcing its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.98 per share and revenue of $5.46 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. On average, analysts expect Charles Schwab to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Charles Schwab Price Performance

Charles Schwab stock opened at $76.88 on Tuesday. The stock has a 50-day moving average price of $77.67 and a two-hundred day moving average price of $76.32. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $84.50. The company has a market capitalization of $139.43 billion, a PE ratio of 25.71, a P/E/G ratio of 0.99 and a beta of 0.91. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s payout ratio is presently 36.12%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SCHW. Truist Financial reduced their target price on Charles Schwab from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Redburn Partners decreased their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. JMP Securities cut their price target on shares of Charles Schwab from $96.00 to $94.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Barclays lowered their price objective on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Finally, UBS Group upped their target price on Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.33.

Insider Activity at Charles Schwab

In related news, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total value of $261,713.40. Following the transaction, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arun Sarin sold 8,548 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the transaction, the director now directly owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This trade represents a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 513,081 shares of company stock valued at $41,903,066. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Charles Schwab stock. Brighton Jones LLC grew its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 380.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,240 shares of the financial services provider’s stock after purchasing an additional 19,195 shares during the quarter. Brighton Jones LLC’s holdings in Charles Schwab were worth $1,794,000 at the end of the most recent reporting period. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

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.