Charles Schwab (NYSE:SCHW) Posts Quarterly Earnings Results

by · The Cerbat Gem

Charles Schwab (NYSE:SCHW – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02, Briefing.com reports. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS.

Charles Schwab Stock Down 0.2 %

Charles Schwab stock traded down $0.16 during mid-day trading on Thursday, reaching $71.92. The company’s stock had a trading volume of 6,084,758 shares, compared to its average volume of 8,100,674. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. Charles Schwab has a 12 month low of $48.66 and a 12 month high of $79.49. The business’s 50 day simple moving average is $64.61 and its 200 day simple moving average is $69.51. The company has a market capitalization of $127.82 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio is presently 41.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their target price on Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Company increased their target price on shares of Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charles Schwab from $77.00 to $76.00 in a report on Tuesday. Finally, TD Cowen reaffirmed a “hold” rating and set a $71.00 price objective (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.59.

Check Out Our Latest Stock Analysis on SCHW

Insider Transactions at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $65.20, for a total transaction of $74,980.00. Following the transaction, the insider now owns 61,887 shares of the company’s stock, valued at $4,035,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now directly owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total value of $74,980.00. Following the sale, the insider now directly owns 61,887 shares of the company’s stock, valued at $4,035,032.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,856 shares of company stock worth $6,398,604 in the last three months. Insiders own 6.60% of the company’s stock.

About Charles Schwab

(Get Free Report)

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.

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