Analysts expect that U.S. Bancorp (NYSE:USB) will report $1.07 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for U.S. Bancorp’s earnings. The highest EPS estimate is $1.09 and the lowest is $1.05. U.S. Bancorp posted earnings per share of $1.02 during the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, July 17th.
According to Zacks, analysts expect that U.S. Bancorp will report full-year earnings of $4.26 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.35. For the next financial year, analysts anticipate that the business will report earnings of $4.49 per share, with EPS estimates ranging from $4.34 to $4.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for U.S. Bancorp.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the previous year, the business posted $1.02 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year.
In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of U.S. Bancorp stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $51.53, for a total value of $647,422.92. Following the transaction, the insider now directly owns 39,330 shares of the company’s stock, valued at approximately $2,026,674.90. The disclosure for this sale can be found here. Insiders have sold a total of 37,233 shares of company stock valued at $1,907,734 in the last ninety days. Insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Trustcore Financial Services LLC purchased a new stake in U.S. Bancorp in the first quarter worth approximately $28,000. Executive Wealth Management LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $27,000. Catamount Wealth Management boosted its stake in U.S. Bancorp by 525.0% in the first quarter. Catamount Wealth Management now owns 750 shares of the financial services provider’s stock worth $36,000 after buying an additional 630 shares in the last quarter. ERTS Wealth Advisors LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $36,000. Finally, New Potomac Partners LLC bought a new stake in U.S. Bancorp in the first quarter valued at approximately $37,000. 74.63% of the stock is owned by institutional investors.
U.S. Bancorp stock traded up $1.18 during midday trading on Wednesday, reaching $54.22. The stock had a trading volume of 8,357,569 shares, compared to its average volume of 5,962,674. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $55.56. The business has a 50-day moving average of $52.49. The firm has a market cap of $84.57 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.84 and a quick ratio of 0.83.
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, June 27th. U.S. Bancorp’s payout ratio is presently 36.10%.
U.S. Bancorp declared that its board has authorized a share buyback plan on Thursday, June 27th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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