U.S. Bancorp (NYSE:USB) Posts Earnings Results, Beats Estimates By $0.08 EPS

U.S. Bancorp (NYSE:USB) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.08, MarketWatch Earnings reports. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $5.70 billion. U.S. Bancorp had a net margin of 19.70% and a return on equity of 11.82%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share.

Shares of USB stock traded up $0.10 during mid-day trading on Thursday, hitting $38.35. 7,953 shares of the stock traded hands, compared to its average volume of 8,543,544. The stock has a market cap of $57.62 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.44 and a beta of 1.10. The stock’s fifty day moving average is $37.10 and its two-hundred day moving average is $36.27. U.S. Bancorp has a 52-week low of $28.36 and a 52-week high of $61.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Tuesday, September 29th. U.S. Bancorp’s payout ratio is 38.71%.

A number of research analysts have recently commented on USB shares. Royal Bank of Canada restated a “buy” rating and issued a $42.00 price target on shares of U.S. Bancorp in a report on Monday, July 20th. Wolfe Research began coverage on shares of U.S. Bancorp in a report on Friday, July 31st. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Bank of America upgraded shares of U.S. Bancorp from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $39.00 to $41.00 in a report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of U.S. Bancorp from $37.50 to $43.50 and gave the stock an “underweight” rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.40.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Featured Article: What impact do institutional investors have on markets?

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.