U.S. Bancorp (NYSE:USB) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 18th. Analysts expect U.S. Bancorp to post earnings of $0.95 per share for the quarter.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. On average, analysts expect U.S. Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
U.S. Bancorp stock opened at $50.95 on Monday. The stock has a market capitalization of $84,643.46, a PE ratio of 14.90, a PEG ratio of 1.69 and a beta of 0.94. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 12 month low of $49.03 and a 12 month high of $58.50.
In other U.S. Bancorp news, Director David B. Omaley sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $55.60, for a total transaction of $556,000.00. Following the completion of the sale, the director now owns 231,682 shares in the company, valued at approximately $12,881,519.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.02, for a total value of $750,527.82. Following the sale, the insider now owns 126,387 shares of the company’s stock, valued at approximately $6,953,812.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,016 shares of company stock valued at $9,356,775. 0.43% of the stock is owned by insiders.
A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 5th. Morgan Stanley raised their target price on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. JPMorgan Chase downgraded U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 target price on the stock. in a report on Wednesday, January 31st. Finally, Barclays raised their target price on U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $58.38.
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About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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