Oppenheimer Weighs in on U.S. Bancorp’s Q1 2018 Earnings (USB)

U.S. Bancorp (NYSE:USB) – Stock analysts at Oppenheimer issued their Q1 2018 earnings estimates for U.S. Bancorp in a report released on Tuesday. Oppenheimer analyst B. Chittenden forecasts that the financial services provider will earn $0.91 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for U.S. Bancorp’s Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.98 EPS and FY2019 earnings at $4.23 EPS.

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

USB has been the topic of several other reports. Barclays raised their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Jaffray Companies upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Friday. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. U.S. Bancorp presently has an average rating of “Hold” and an average target price of $55.71.

Shares of U.S. Bancorp (NYSE USB) opened at $55.32 on Thursday. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $56.61. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The company has a market cap of $91,800.00, a P/E ratio of 16.46, a PEG ratio of 1.93 and a beta of 0.85.

A number of large investors have recently added to or reduced their stakes in the business. Shelton Capital Management raised its position in U.S. Bancorp by 51.2% during the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after acquiring an additional 45,116 shares during the period. Twin Tree Management LP raised its position in U.S. Bancorp by 63.2% during the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 13,295 shares during the period. Oarsman Capital Inc. raised its position in shares of U.S. Bancorp by 4.5% in the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after buying an additional 488 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of U.S. Bancorp by 16.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock valued at $19,158,000 after buying an additional 52,380 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in shares of U.S. Bancorp by 7.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after buying an additional 14,678 shares during the last quarter. 73.95% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is presently 35.71%.

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U.S. Bancorp Company Profile

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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