Brokerages Anticipate U.S. Bancorp (NYSE:USB) to Announce $1.13 EPS

Equities analysts forecast that U.S. Bancorp (NYSE:USB) will announce earnings of $1.13 per share for the current quarter, Zacks reports. Four analysts have provided estimates for U.S. Bancorp’s earnings. The highest EPS estimate is $1.19 and the lowest is $1.05. U.S. Bancorp posted earnings of $0.99 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.1%. The company is scheduled to report its next earnings report on Wednesday, October 13th.

According to Zacks, analysts expect that U.S. Bancorp will report full-year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $5.17. For the next financial year, analysts forecast that the company will post earnings of $4.49 per share, with EPS estimates ranging from $4.27 to $4.68. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for U.S. Bancorp.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 14th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.14. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a return on equity of 15.18% and a net margin of 29.83%. U.S. Bancorp’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS.

Several equities research analysts have weighed in on USB shares. Barclays upped their target price on U.S. Bancorp from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 16th. Morgan Stanley upped their target price on U.S. Bancorp from $58.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, April 16th. Bank of America upgraded U.S. Bancorp from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $58.00 to $62.00 in a report on Monday, April 12th. upped their target price on U.S. Bancorp from $63.00 to $65.00 in a report on Wednesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on U.S. Bancorp from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 1st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.10.

U.S. Bancorp stock traded down $0.92 during mid-day trading on Friday, hitting $56.28. The company’s stock had a trading volume of 71,934 shares, compared to its average volume of 5,398,857. The company has a 50 day simple moving average of $58.41. The company has a market capitalization of $83.84 billion, a PE ratio of 12.25, a PEG ratio of 1.74 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76. U.S. Bancorp has a one year low of $34.17 and a one year high of $62.47.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Tuesday, June 29th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 54.90%.

In other U.S. Bancorp news, CFO Terrance R. Dolan sold 19,149 shares of the stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $59.11, for a total value of $1,131,897.39. Following the completion of the sale, the chief financial officer now directly owns 138,374 shares in the company, valued at $8,179,287.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Katherine B. Quinn sold 25,000 shares of the stock in a transaction dated Tuesday, May 18th. The shares were sold at an average price of $61.47, for a total value of $1,536,750.00. Over the last quarter, insiders sold 98,908 shares of company stock valued at $5,948,505. 0.23% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Bay Harbor Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the first quarter valued at about $26,000. Goodwin Investment Advisory acquired a new position in shares of U.S. Bancorp in the first quarter valued at about $29,000. Vantage Consulting Group Inc acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Field & Main Bank acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Finally, Salem Investment Counselors Inc. increased its holdings in shares of U.S. Bancorp by 92.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 600 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 288 shares during the period. Institutional investors own 74.12% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

Featured Story: Stop Order Uses For Individual Investors

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.