Analysts Set Expectations for U.S. Bancorp’s FY2019 Earnings (USB)

U.S. Bancorp (NYSE:USB) – Equities research analysts at Wedbush issued their FY2019 earnings per share estimates for U.S. Bancorp in a note issued to investors on Thursday. Wedbush analyst P. Winter expects that the financial services provider will post earnings per share of $4.47 for the year.

Other analysts also recently issued research reports about the company. Jefferies Group restated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a research note on Thursday, October 12th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Robert W. Baird restated a “hold” rating and issued a $48.00 price target on shares of U.S. Bancorp in a research note on Friday, October 6th. Finally, Nomura downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.71.

Shares of U.S. Bancorp (USB) opened at $55.32 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $91,238.81, a P/E ratio of 16.32, a P/E/G ratio of 1.94 and a beta of 0.85. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $56.61.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS.

A number of hedge funds have recently added to or reduced their stakes in USB. Stelac Advisory Services LLC bought a new position in U.S. Bancorp in the 2nd quarter valued at approximately $103,000. Phocas Financial Corp. bought a new position in U.S. Bancorp in the 2nd quarter valued at approximately $109,000. Horan Capital Advisors LLC. bought a new position in U.S. Bancorp in the 3rd quarter valued at approximately $112,000. Pathstone Family Office LLC lifted its position in U.S. Bancorp by 13.2% in the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 386 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its holdings in shares of U.S. Bancorp by 1,211.9% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock valued at $177,000 after buying an additional 3,054 shares during the period. 73.95% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.30 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.17%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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

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