Wall Street brokerages expect U.S. Bancorp (NYSE:USB) to report $0.88 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for U.S. Bancorp’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.84. U.S. Bancorp posted earnings of $0.82 per share in the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The business is scheduled to issue its next earnings results on Wednesday, January 17th.

On average, analysts expect that U.S. Bancorp will report full year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.40 to $3.45. For the next financial year, analysts forecast that the business will post earnings of $3.72 per share, with EPS estimates ranging from $3.64 to $3.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow U.S. Bancorp.

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

Several brokerages have recently issued reports on USB. Instinet lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research note on Friday, October 6th. Nomura raised their target price on shares of U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday. Finally, BidaskClub lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $54.06.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hudock Capital Group LLC lifted its stake in U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after buying an additional 17 shares in the last quarter. BSW Wealth Partners lifted its stake in U.S. Bancorp by 0.6% in the second quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after buying an additional 22 shares in the last quarter. First National Bank of Hutchinson lifted its stake in U.S. Bancorp by 0.3% in the second quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock valued at $576,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. lifted its stake in U.S. Bancorp by 0.5% in the second quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock valued at $391,000 after buying an additional 36 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. lifted its stake in U.S. Bancorp by 0.5% in the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after buying an additional 39 shares in the last quarter. 73.95% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp (NYSE:USB) traded up 0.22% during mid-day trading on Tuesday, reaching $54.25. 1,230,708 shares of the company traded hands. U.S. Bancorp has a one year low of $43.50 and a one year high of $56.61. The firm has a market cap of $90.75 billion, a PE ratio of 16.39 and a beta of 0.87. The stock’s 50-day moving average price is $53.03 and its 200-day moving average price is $52.15.

U.S. Bancorp declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that authorizes the company to repurchase $2.60 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.30 per share. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 2.22%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.

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About U.S. Bancorp

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.

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Earnings History and Estimates for U.S. Bancorp (NYSE:USB)

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