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

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

Analyst Ratings Changes

SCHW has been the topic of a number of research analyst reports. Piper Sandler downgraded Charles Schwab from an overweight rating to a neutral rating and cut their target price for the stock from $80.00 to $64.00 in a research note on Monday, July 29th. Keefe, Bruyette & Woods lowered their target price on Charles Schwab from $80.00 to $76.00 and set an overweight rating on the stock in a research note on Tuesday. Citigroup reduced their price target on shares of Charles Schwab from $75.00 to $72.00 and set a neutral rating for the company in a research report on Friday, September 27th. Raymond James lowered their price objective on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday. Finally, Jefferies Financial Group reduced their target price on shares of Charles Schwab from $79.00 to $73.00 and set a buy rating for the company in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $71.82.

Charles Schwab Trading Up 6.1 %

Shares of Charles Schwab stock opened at $71.96 on Wednesday. The company’s 50-day moving average price is $64.42 and its 200-day moving average price is $69.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. Charles Schwab has a 12-month low of $48.66 and a 12-month high of $79.49. 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.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business 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 for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. On average, equities analysts expect that Charles Schwab will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $61.96, for a total transaction of $557,640.00. Following the transaction, the director now directly owns 567,057 shares in the company, valued at $35,134,851.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $61.96, for a total transaction of $557,640.00. Following the transaction, the director now directly owns 567,057 shares of the company’s stock, valued at approximately $35,134,851.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 98,856 shares of company stock valued at $6,398,604 over the last 90 days. 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.