$1.09 Earnings Per Share Expected for U.S. Bancorp (NYSE:USB) This Quarter

Brokerages expect that U.S. Bancorp (NYSE:USB) will report earnings per share (EPS) of $1.09 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for U.S. Bancorp’s earnings, with estimates ranging from $0.99 to $1.28. U.S. Bancorp posted earnings per share of $0.41 during the same quarter last year, which would indicate a positive year over year growth rate of 165.9%. The company is expected to report its next quarterly earnings results on Wednesday, July 21st.

On average, analysts expect that U.S. Bancorp will report full year earnings of $4.72 per share for the current fiscal year, with EPS estimates ranging from $4.49 to $5.00. For the next fiscal year, analysts forecast that the firm will report earnings of $4.35 per share, with EPS estimates ranging from $3.90 to $4.80. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for U.S. Bancorp.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 14th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.49. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.53 billion. U.S. Bancorp had a return on equity of 12.52% and a net margin of 24.16%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share.

Several equities research analysts recently weighed in on USB shares. Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 18th. Robert W. Baird reissued a “neutral” rating and issued a $55.00 price objective on shares of U.S. Bancorp in a research note on Thursday, March 25th. Bank of America upgraded U.S. Bancorp from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $62.00 in a report on Monday, April 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on U.S. Bancorp from $63.00 to $65.00 in a report on Wednesday, April 21st. Finally, Jefferies Financial Group increased their price objective on U.S. Bancorp from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, April 9th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $60.10.

In other news, insider Katherine B. Quinn sold 25,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $61.47, for a total transaction of $1,536,750.00. Also, CEO Andrew Cecere sold 184,187 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $56.48, for a total transaction of $10,402,881.76. Following the sale, the chief executive officer now owns 1,037,110 shares in the company, valued at approximately $58,575,972.80. The disclosure for this sale can be found here. Insiders have sold a total of 312,153 shares of company stock valued at $18,005,134 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bay Harbor Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the first quarter worth approximately $26,000. Goodwin Investment Advisory bought a new stake in shares of U.S. Bancorp during the first quarter worth $29,000. Vantage Consulting Group Inc bought a new stake in shares of U.S. Bancorp during the fourth quarter worth $27,000. Field & Main Bank bought a new position in U.S. Bancorp in the fourth quarter valued at about $27,000. Finally, Salem Investment Counselors Inc. boosted its holdings in U.S. Bancorp by 92.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 600 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 288 shares during the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.

USB traded up $0.43 during trading on Friday, reaching $59.04. The company had a trading volume of 147,470 shares, compared to its average volume of 7,308,708. The company has a 50-day moving average of $59.16. The firm has a market capitalization of $87.95 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 2.20 and a beta of 1.16. U.S. Bancorp has a 12-month low of $34.01 and a 12-month high of $62.47. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.81.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, March 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 54.90%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services 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. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products.

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Earnings History and Estimates for U.S. Bancorp (NYSE:USB)

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