U.S. Bancorp (NYSE:USB) – Equities research analysts at Wedbush raised their Q4 2018 earnings per share (EPS) estimates for U.S. Bancorp in a report issued on Wednesday, October 17th. Wedbush analyst P. Winter now forecasts that the financial services provider will earn $1.08 per share for the quarter, up from their previous forecast of $1.05. Wedbush has a “Hold” rating and a $58.00 price objective on the stock. Wedbush also issued estimates for U.S. Bancorp’s Q4 2019 earnings at $1.17 EPS.
Several other equities analysts have also recently issued reports on USB. ValuEngine cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, October 12th. Oppenheimer upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research note on Thursday. Nomura decreased their price objective on U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, UBS Group upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $59.58.
Shares of USB opened at $52.50 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.82. The stock has a market capitalization of $85.52 billion, a PE ratio of 15.35, a P/E/G ratio of 1.71 and a beta of 0.98. U.S. Bancorp has a 1 year low of $48.49 and a 1 year high of $58.50.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.68 billion. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a dividend of $0.37 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.48 annualized dividend and a yield of 2.82%. U.S. Bancorp’s payout ratio is presently 43.27%.
A number of hedge funds have recently bought and sold shares of USB. Horan Capital Management purchased a new stake in U.S. Bancorp during the second quarter worth approximately $109,000. Integrated Investment Consultants LLC purchased a new stake in U.S. Bancorp during the second quarter worth approximately $135,000. Mount Yale Investment Advisors LLC purchased a new stake in U.S. Bancorp during the first quarter worth approximately $141,000. Field & Main Bank lifted its stake in U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares during the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in U.S. Bancorp during the third quarter worth approximately $181,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.
About U.S. Bancorp
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.
See Also: Why is the conference call important?
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.