Charles Schwab (NYSE:SCHW) Posts Earnings Results, Beats Estimates By $0.11 EPS

Charles Schwab (NYSE:SCHW) announced its earnings results on Tuesday. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11, Briefing.com reports. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS.

Charles Schwab Trading Up 5.8 %

Shares of NYSE:SCHW opened at $80.88 on Wednesday. The business’s 50 day simple moving average is $77.65 and its 200 day simple moving average is $70.62. The company has a market capitalization of $143.93 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $83.35.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SCHW. Morgan Stanley upped their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays upgraded shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $74.00 to $95.00 in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $94.00 price target (up from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and an average price target of $81.41.

Insider Buying and Selling

In other news, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $81.17, for a total value of $1,034,024.63. Following the completion of the sale, the insider now owns 59,092 shares in the company, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company’s stock.

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.