Analysts Expect U.S. Bancorp (USB) to Announce $0.94 EPS

Brokerages predict that U.S. Bancorp (NYSE:USB) will announce earnings per share (EPS) of $0.94 for the current quarter, according to Zacks. Six analysts have issued estimates for U.S. Bancorp’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.97. U.S. Bancorp posted earnings per share of $0.82 in the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, April 18th.

According to Zacks, analysts expect that U.S. Bancorp will report full-year earnings of $4.05 per share for the current financial year, with EPS estimates ranging from $3.94 to $4.20. For the next year, analysts expect that the business will report earnings of $4.35 per share, with EPS estimates ranging from $4.15 to $4.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover U.S. Bancorp.

How to Become a New Pot Stock Millionaire

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.82 EPS.

Several research analysts have recently commented on the company. Vining Sparks reissued a “hold” rating and set a $61.00 price objective on shares of U.S. Bancorp in a report on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 5th. ValuEngine lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Edward Jones reissued a “hold” rating on shares of U.S. Bancorp in a report on Tuesday, April 3rd. Finally, Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $58.38.

In related news, Vice Chairman P.W. Parker sold 98,485 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total value of $5,510,235.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig E. Gifford sold 45,890 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total value of $2,540,011.50. The disclosure for this sale can be found here. Insiders sold a total of 168,016 shares of company stock valued at $9,356,775 in the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP lifted its position in U.S. Bancorp by 229.8% in the fourth quarter. Two Sigma Advisers LP now owns 5,057,267 shares of the financial services provider’s stock valued at $270,968,000 after purchasing an additional 3,524,027 shares during the last quarter. Truepoint Inc. lifted its position in U.S. Bancorp by 5,417.9% in the third quarter. Truepoint Inc. now owns 3,070,777 shares of the financial services provider’s stock valued at $3,071,000 after purchasing an additional 3,015,126 shares during the last quarter. Millennium Management LLC lifted its position in U.S. Bancorp by 5,097.5% in the fourth quarter. Millennium Management LLC now owns 2,347,864 shares of the financial services provider’s stock valued at $125,799,000 after purchasing an additional 2,302,691 shares during the last quarter. Stifel Financial Corp lifted its position in U.S. Bancorp by 5,557.0% in the third quarter. Stifel Financial Corp now owns 2,020,912 shares of the financial services provider’s stock valued at $108,264,000 after purchasing an additional 1,985,188 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in U.S. Bancorp by 65.6% in the fourth quarter. Mackenzie Financial Corp now owns 4,767,522 shares of the financial services provider’s stock valued at $255,444,000 after purchasing an additional 1,888,003 shares during the last quarter. Institutional investors own 74.21% of the company’s stock.

Shares of NYSE USB traded up $0.13 during midday trading on Tuesday, hitting $51.54. 1,816,103 shares of the company’s stock were exchanged, compared to its average volume of 7,054,979. U.S. Bancorp has a 12-month low of $49.03 and a 12-month high of $58.50. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $84,164.41, a price-to-earnings ratio of 15.08, a PEG ratio of 1.68 and a beta of 0.94.

The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. U.S. Bancorp’s payout ratio is 35.09%.

ILLEGAL ACTIVITY NOTICE: This article was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.chaffeybreeze.com/2018/04/17/analysts-expect-u-s-bancorp-usb-to-announce-0-94-eps.html.

U.S. Bancorp Company Profile

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.

Get a free copy of the Zacks research report on U.S. Bancorp (USB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.

Leave a Reply