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%.
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.
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