Charles Schwab (NYSE:SCHW) Issues Q4 2024 Earnings Guidance

Charles Schwab (NYSE:SCHW) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.800- for the period, compared to the consensus EPS estimate of 0.830. The company issued revenue guidance of -. Charles Schwab also updated its FY 2024 guidance to EPS.

Charles Schwab Price Performance

Shares of NYSE:SCHW opened at $71.96 on Wednesday. The firm has a market cap of $127.98 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. Charles Schwab has a 52 week low of $48.66 and a 52 week high of $79.49. The firm’s fifty day moving average is $64.42 and its 200-day moving average is $69.49. 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 (NYSE:SCHW) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Sell-side analysts predict that Charles Schwab will post 3.06 earnings per share for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is presently 41.49%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Cowen raised their price target on shares of Charles Schwab from $69.00 to $75.00 and gave the company a hold rating in a report on Tuesday. Citigroup cut their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a neutral rating for the company in a research note on Friday, September 27th. Keefe, Bruyette & Woods decreased their price target on Charles Schwab from $80.00 to $76.00 and set an overweight rating on the stock in a research note on Tuesday. TD Cowen reiterated a hold rating and set a $71.00 target price (down from $88.00) on shares of Charles Schwab in a report on Wednesday, July 17th. Finally, JMP Securities cut their price target on shares of Charles Schwab from $85.00 to $82.00 and set a market outperform rating on the stock in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $71.82.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 67,386 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the sale, the chairman now owns 60,619,371 shares of the company’s stock, valued at $3,946,927,245.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 12,320 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.10, for a total value of $802,032.00. Following the transaction, the director now directly owns 562,129 shares in the company, valued at $36,594,597.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,856 shares of company stock worth $6,398,604 over the last 90 days. 6.60% of the stock is currently owned by company insiders.

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.