Zacks: Analysts Anticipate U.S. Bancorp (NYSE:USB) to Post $1.13 EPS

Equities research analysts expect U.S. Bancorp (NYSE:USB) to announce earnings of $1.13 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for U.S. Bancorp’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.19. U.S. Bancorp reported earnings per share of $0.99 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 13th.

According to Zacks, analysts expect that U.S. Bancorp will report full year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.65 to $5.17. For the next financial year, analysts anticipate that the business will report earnings of $4.49 per share, with EPS estimates ranging from $4.27 to $4.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover U.S. Bancorp.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 14th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.14. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.62 billion. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. U.S. Bancorp’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS.

Several analysts have recently issued reports on USB shares. Compass Point upped their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 18th. Bank of America upgraded shares of U.S. Bancorp from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $58.00 to $62.00 in a research note on Monday, April 12th. Odeon Capital Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday. Oppenheimer upped their target price on shares of U.S. Bancorp from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, July 16th. Finally, Stephens upped their target price on shares of U.S. Bancorp from $52.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 30th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. U.S. Bancorp presently has an average rating of “Buy” and a consensus target price of $62.10.

USB stock traded down $0.92 during midday trading on Friday, reaching $56.28. 71,934 shares of the company’s stock traded hands, compared to its average volume of 5,398,857. U.S. Bancorp has a 52 week low of $34.17 and a 52 week high of $62.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market capitalization of $83.84 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.74 and a beta of 1.14. The firm has a fifty day simple moving average of $58.41.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, June 29th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 54.90%.

In other news, insider Gillern Jeffry H. Von sold 19,385 shares of the stock in a transaction dated Tuesday, April 27th. The shares were sold at an average price of $58.32, for a total value of $1,130,533.20. Following the sale, the insider now directly owns 93,308 shares of the company’s stock, valued at $5,441,722.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark G. Runkel sold 35,374 shares of the stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $60.76, for a total transaction of $2,149,324.24. Following the completion of the sale, the executive vice president now directly owns 56,637 shares in the company, valued at $3,441,264.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,908 shares of company stock worth $5,948,505. Insiders own 0.23% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Bay Harbor Wealth Management LLC bought a new position in shares of U.S. Bancorp in the first quarter worth approximately $26,000. Goodwin Investment Advisory bought a new position in shares of U.S. Bancorp in the first quarter worth approximately $29,000. Vantage Consulting Group Inc bought a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $27,000. Field & Main Bank bought a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $27,000. Finally, Salem Investment Counselors Inc. increased its position in shares of 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 worth $28,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 74.12% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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

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