U.S. Bancorp (USB) Set to Announce Earnings on Wednesday
U.S. Bancorp (NYSE:USB) will release its Q313 earnings data on Wednesday, October 16th. Analysts expect U.S. Bancorp to post earnings of $0.76 per share and revenue of $4.98 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.00 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts expect U.S. Bancorp to post $3.01 EPS for the current fiscal year and $3.20 EPS for the next fiscal year.
Shares of U.S. Bancorp (NYSE:USB) opened at 37.18 on Tuesday. U.S. Bancorp has a one year low of $30.96 and a one year high of $38.23. The stock has a 50-day moving average of $36.70 and a 200-day moving average of $35.72. The company has a market cap of $68.384 billion and a price-to-earnings ratio of 12.56.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, September 26th.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “positive” rating on shares of U.S. Bancorp in a research note to investors on Tuesday, October 8th. On the ratings front, analysts at ISI Group initiated coverage on shares of U.S. Bancorp in a research note to investors on Tuesday, October 8th. They set a “buy” rating and a $39.50 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of U.S. Bancorp from $41.00 to $38.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $38.38.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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