Stock Update (NYSE:SCHW): Schwab Announces its Interim Business Update

[Business Wire] – The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Friday, April 22nd. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. Read more on this. The Charles Schwab Corporation (SCHW) , with a current market cap of $35.16B, opened at $26.78. Looking at today’s market, SCHW one day range is $26.48 to $27.05 with the price of the stock fluctuating between $21.51 to $35.72 over the last 52 weeks. Priced at 21.28x this year’s forecasted earnings, SCHW shares are relatively expensive compared to the industry’s 11.88x forward p/e ratio. And for passive income investors, the company pays shareholders $0.24 per share annually in dividends, yielding 0.88%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.29 per share, which would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.24 would be a $0.27 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.75 Billion. If realized, that would be a 14.38% increase over the year-ago quarter. More recently, Credit Agricole upgraded SCHW from Underperform to Outperform (Feb 16, 2016). Previously, Nomura upgraded SCHW from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $31.53, which is 17.74% above where the stock opened this morning. See more in (NYSE:SCHW) Similar Articles: Market Update (NYSE:SCHW): Schwab Reports Monthly Activity Highlights Company Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab ETF OneSource™ Shares Compelling View of the ETF Industry Company Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab Reports Record Quarterly Net Income of $416 Million, Up 19%