The Charles Schwab (NYSE:SCHW) issued its quarterly earnings data on Thursday. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01, MarketWatch Earnings reports. The Charles Schwab had a return on equity of 15.86% and a net margin of 31.48%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down 9.7% on a year-over-year basis.
Shares of SCHW stock opened at $39.29 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.33. The Charles Schwab has a twelve month low of $28.00 and a twelve month high of $51.65. The company has a market cap of $50.63 billion, a P/E ratio of 16.51 and a beta of 1.17. The business has a fifty day simple moving average of $36.24 and a 200 day simple moving average of $35.43.
In other The Charles Schwab news, Director Charles A. Ruffel acquired 2,854 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average cost of $34.91 per share, for a total transaction of $99,633.14. Following the transaction, the director now directly owns 7,751 shares in the company, valued at $270,587.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Schwab sold 65,056 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $33.19, for a total value of $2,159,208.64. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.
About The Charles Schwab
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.
See Also: SEC Filing
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