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.
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.
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%.
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.
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