Charles Schwab Corp. (NYSE:SCHW) traded at $73.95 at close of the session on Tuesday, April 30, made a downward move of -0.82% on its previous day’s price.
Looking at the stock we see that its previous close was $74.56 . The company has a trailing 12-month PE ratio of 30.99. In terms of its 52-week price range, SCHW has a high of $75.55 and a low of $45.65. The company’s stock has gained about 2.18% over that past 30 days.
Charles Schwab Corp. has a market cap of $131.34 billion. With its Forward Dividend at 1.00 and a yield of 1.35%, the company’s investors could be anxious for the SCHW stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.82, with the EPS growth for the year raised at $3.42 for 2024 and $4.52 for next year. These figures represent 9.30% and 32.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $4.89 billion, with a low of $4.74 billion and a high of $4.99 billion. The median projection represents growth squeezing down to 4.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $19.92 billion, or 5.70% up from figures reported last year.
On the other hand, looking at the outlook for the SCHW stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the SCHW stock currently stands at 2.12, and the current price level is 1.66% off its SMA20 and 6.06% from its 50-day simple moving average. The RSI (14) is pointing at 60.59 while the volatility over the past week is 1.43% and jumps to 2.05% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 1.41.
Coming back to Charles Schwab Corp. (NYSE:SCHW), we note that the average 3-month trading volume was 7.29 million. Current shares outstanding are 1.77 billion.
The insiders hold 5.92% of the company’s shares while institutions hold 84.87%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 7.49% up in year-to-date price movement.
