FY2018 Earnings Estimate for U.S. Bancorp (USB) Issued By Oppenheimer
U.S. Bancorp (NYSE:USB) – Equities researchers at Oppenheimer increased their FY2018 EPS estimates for U.S. Bancorp in a note issued to investors on Tuesday. Oppenheimer analyst B. Chittenden now expects that the financial services provider will post earnings of $3.84 per share for the year, up from their prior forecast of $3.74. Oppenheimer has a “Hold” rating on the stock.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS.
U.S. Bancorp (USB) traded up $0.09 during trading on Friday, hitting $55.07. 2,803,676 shares of the stock were exchanged, compared to its average volume of 5,998,300. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61. The stock has a market cap of $91,270.00, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is presently 35.71%.
Several large investors have recently made changes to their positions in the business. Hudock Capital Group LLC increased its position in shares of U.S. Bancorp by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares during the last quarter. BSW Wealth Partners increased its position in shares of U.S. Bancorp by 0.6% in the 2nd quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 22 shares during the last quarter. First National Bank of Hutchinson boosted its holdings in shares of U.S. Bancorp by 0.3% in the 2nd 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. boosted its holdings in shares of U.S. Bancorp by 0.5% in the 2nd 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. boosted its holdings in shares of U.S. Bancorp by 0.5% in the 2nd 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 institutional investors.
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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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