U.S. Bancorp (USB) Forecasted to Earn Q1 2018 Earnings of $0.95 Per Share

U.S. Bancorp (NYSE:USB) – Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for shares of U.S. Bancorp in a note issued to investors on Wednesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $0.95 for the quarter, down from their prior forecast of $0.96. Jefferies Group currently has a “Buy” rating and a $63.00 target price on the stock. Jefferies Group also issued estimates for U.S. Bancorp’s Q2 2018 earnings at $1.00 EPS and FY2018 earnings at $4.05 EPS.

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

A number of other equities research analysts have also recently issued reports on USB. Instinet cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Bank of America cut shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report 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 report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. U.S. Bancorp currently has an average rating of “Hold” and an average price target of $56.82.

Shares of U.S. Bancorp (USB) opened at $56.46 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. The stock has a market cap of $93,690.00, a PE ratio of 16.09, a PEG ratio of 1.89 and a beta of 0.85. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $57.69.

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

A number of institutional investors have recently added to or reduced their stakes in USB. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp during the second quarter worth approximately $103,000. Horan Capital Advisors LLC. bought a new position in shares of U.S. Bancorp during the third quarter worth approximately $112,000. Phocas Financial Corp. bought a new position in shares of U.S. Bancorp during the second quarter worth approximately $109,000. San Francisco Sentry Investment Group CA increased its holdings in shares of 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 worth $177,000 after purchasing an additional 3,054 shares during the period. Finally, Pathstone Family Office LLC increased its holdings in shares of 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 worth $172,000 after purchasing an additional 386 shares during the period. 73.98% of the stock is currently owned by hedge funds and other institutional investors.

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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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