U.S. Bancorp to Post Q4 2018 Earnings of $1.05 Per Share, Jefferies Group Forecasts (USB)

U.S. Bancorp (NYSE:USB) – Research analysts at Jefferies Group lifted their Q4 2018 earnings per share (EPS) estimates for U.S. Bancorp in a research note issued on Wednesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $1.05 per share for the quarter, up from their previous forecast of $1.04. Jefferies Group has a “Buy” rating and a $63.00 price objective on the stock.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the Zacks’ 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 business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis.

A number of other equities analysts have also weighed in on USB. Instinet lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Nomura lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Bank of America lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $56.00 to $54.00 in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, 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. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and an average target price of $56.56.

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

Institutional investors have recently bought and sold shares of the company. Tompkins Financial Corp raised its holdings in shares of U.S. Bancorp by 2.0% in the 2nd quarter. Tompkins Financial Corp now owns 9,525 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 190 shares during the period. Central Bank & Trust Co. raised its holdings in shares of U.S. Bancorp by 22.9% in the 2nd quarter. Central Bank & Trust Co. now owns 13,002 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 2,424 shares during the period. Pure Financial Advisors Inc. raised its holdings in shares of U.S. Bancorp by 2.7% in the 2nd quarter. Pure Financial Advisors Inc. now owns 6,229 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 163 shares during the period. Portland Global Advisors LLC raised its holdings in shares of U.S. Bancorp by 0.7% in the 2nd quarter. Portland Global Advisors LLC now owns 80,691 shares of the financial services provider’s stock valued at $4,189,000 after purchasing an additional 575 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $234,000. Institutional investors own 73.98% of the company’s stock.

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

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U.S. Bancorp Company Profile

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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