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

Charles Schwab (NYSE:SCHW) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. 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 Stock Performance

NYSE:SCHW opened at $71.96 on Wednesday. The company has a market cap of $127.98 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.43 and a beta of 0.97. The stock has a fifty day moving average price of $64.42 and a 200-day moving average price of $69.49. Charles Schwab has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. 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 issued its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $4.85 billion during 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 for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. As a group, equities analysts anticipate that Charles Schwab will post 3.06 EPS for the current fiscal year.

Charles Schwab Announces Dividend

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

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent analyst reports. JMP Securities decreased their target price on Charles Schwab from $85.00 to $82.00 and set a market outperform rating on the stock in a research report on Tuesday, July 23rd. Morgan Stanley dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set an equal weight rating for the company in a research note on Monday, October 7th. TD Cowen reaffirmed a hold rating and set a $71.00 target price (down previously from $88.00) on shares of Charles Schwab in a research note on Wednesday, July 17th. Cowen increased their price target on Charles Schwab from $69.00 to $75.00 and gave the company a hold rating in a research note on Tuesday. Finally, Raymond James reduced their price objective on Charles Schwab from $76.00 to $73.00 in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $71.82.

Insider Transactions at Charles Schwab

In other news, Chairman Charles R. Schwab sold 67,386 shares of Charles Schwab stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now directly owns 60,619,371 shares of the company’s stock, valued at approximately $3,946,927,245.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Charles Schwab news, Chairman Charles R. Schwab sold 67,386 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the transaction, the chairman now directly owns 60,619,371 shares in the company, valued at approximately $3,946,927,245.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul V. Woolway sold 1,150 shares of Charles Schwab stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the sale, the insider now 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 over the last three months. 6.60% of the stock is 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.