Charles Schwab (NYSE:SCHW) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01, Briefing.com reports. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Charles Schwab had a return on equity of 20.47% and a net margin of 35.27%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share.
SCHW stock opened at $41.63 on Wednesday. Charles Schwab has a 1 year low of $37.83 and a 1 year high of $54.26. The company has a fifty day moving average of $41.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $53.80 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 4.26 and a beta of 1.23.
Several research firms recently weighed in on SCHW. Bank of America set a $80.00 price objective on Colgate-Palmolive and gave the company a “buy” rating in a report on Friday, July 12th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a report on Friday, April 5th. Compass Point set a $52.00 target price on E*TRADE Financial and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods raised shares of Focus Financial Partners from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $35.00 to $35.50 in a report on Friday, July 12th. Finally, Citigroup cut Apergy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $47.29.
In other news, EVP Jonathan M. Craig sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $40.20, for a total transaction of $150,348.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 56,280 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $46.27, for a total value of $2,604,075.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 814,376 shares of company stock worth $37,150,434. 10.90% of the stock is owned by corporate insiders.
Charles Schwab Company Profile
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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