U.S. Bancorp Expected to Post Q1 2019 Earnings of $1.00 Per Share (USB)

U.S. Bancorp (NYSE:USB) – Analysts at Wedbush issued their Q1 2019 EPS estimates for shares of U.S. Bancorp in a research note issued to investors on Wednesday. Wedbush analyst P. Winter anticipates that the financial services provider will post earnings per share of $1.00 for the quarter. Wedbush also issued estimates for U.S. Bancorp’s FY2019 earnings at $4.31 EPS.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

Several other equities analysts also recently commented on USB. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp to $61.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley boosted their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Vining Sparks reissued a “buy” rating and issued a $64.00 target price on shares of U.S. Bancorp in a report on Monday, January 8th. Finally, Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.56.

U.S. Bancorp (NYSE:USB) traded up $0.31 during mid-day trading on Friday, hitting $56.46. 10,342,942 shares of the stock traded hands, compared to its average volume of 5,800,000. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $57.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $93,690.00, a P/E ratio of 16.09, a PEG ratio of 1.91 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s payout ratio is 34.19%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC bought a new position in U.S. Bancorp during the second quarter valued at $103,000. Phocas Financial Corp. bought a new position in U.S. Bancorp during the second quarter valued at $109,000. Horan Capital Advisors LLC. bought a new position in U.S. Bancorp during the third quarter valued at $112,000. Pathstone Family Office LLC increased its position in U.S. Bancorp by 13.2% during the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 386 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA increased its position in U.S. Bancorp by 1,211.9% during the third quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 3,054 shares during the last quarter. 73.98% 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.

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

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