Wall Street brokerages predict that U.S. Bancorp (NYSE:USB – Get Rating) will report $1.45 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for U.S. Bancorp’s earnings. The highest EPS estimate is $4.33 and the lowest is $1.03. U.S. Bancorp reported earnings per share of $1.28 during the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that U.S. Bancorp will report full year earnings of $4.43 per share for the current fiscal year, with EPS estimates ranging from $3.94 to $4.70. For the next year, analysts anticipate that the company will report earnings of $5.28 per share, with EPS estimates ranging from $5.09 to $5.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow U.S. Bancorp.
U.S. Bancorp (NYSE:USB – Get Rating) last announced its quarterly earnings results on Thursday, April 14th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.55 billion. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share.
Several equities analysts have recently commented on the company. Morgan Stanley cut their price target on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, March 28th. Jefferies Financial Group lowered U.S. Bancorp from a “buy” rating to a “hold” rating and cut their target price for the company from $66.00 to $64.00 in a research note on Monday, February 14th. UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the company from $64.00 to $56.00 in a research note on Friday, April 8th. Keefe, Bruyette & Woods lowered U.S. Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the company from $73.00 to $64.00 in a research note on Wednesday, January 19th. Finally, StockNews.com began coverage on U.S. Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.31.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of U.S. Bancorp by 1.9% during the fourth quarter. BlackRock Inc. now owns 95,616,688 shares of the financial services provider’s stock worth $5,370,789,000 after purchasing an additional 1,789,050 shares during the period. State Street Corp lifted its holdings in shares of U.S. Bancorp by 3.0% during the fourth quarter. State Street Corp now owns 63,110,227 shares of the financial services provider’s stock worth $3,573,671,000 after purchasing an additional 1,841,651 shares during the period. Geode Capital Management LLC lifted its holdings in shares of U.S. Bancorp by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 23,287,715 shares of the financial services provider’s stock worth $1,305,145,000 after purchasing an additional 493,821 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of U.S. Bancorp by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,430,246 shares of the financial services provider’s stock worth $1,147,568,000 after purchasing an additional 717,483 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of U.S. Bancorp by 1.5% during the third quarter. Royal Bank of Canada now owns 15,170,523 shares of the financial services provider’s stock worth $901,735,000 after purchasing an additional 230,557 shares during the period. 74.92% of the stock is owned by institutional investors and hedge funds.
Shares of U.S. Bancorp stock traded down $0.71 during trading on Wednesday, hitting $48.65. 306,222 shares of the stock traded hands, compared to its average volume of 8,066,898. The firm has a market cap of $72.28 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 52-week low of $47.85 and a 52-week high of $63.57. The stock’s fifty day simple moving average is $52.98 and its 200 day simple moving average is $56.58.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.78%. The ex-dividend date was Wednesday, March 30th. U.S. Bancorp’s dividend payout ratio is presently 39.66%.
About U.S. Bancorp (Get Rating)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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