U.S. Bancorp (USB) Forecasted to Earn Q1 2018 Earnings of $0.96 Per Share

U.S. Bancorp (NYSE:USB) – Research analysts at Wedbush issued their Q1 2018 earnings estimates for U.S. Bancorp in a note issued to investors on Wednesday. Wedbush analyst P. Winter forecasts that the financial services provider will post earnings of $0.96 per share for the quarter. Wedbush also issued estimates for U.S. Bancorp’s Q2 2018 earnings at $1.02 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $4.10 EPS, Q2 2019 earnings at $1.07 EPS, Q3 2019 earnings at $1.12 EPS and Q4 2019 earnings at $1.12 EPS.

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

Other equities analysts have also issued research reports about the stock. Jefferies Group reissued a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Thursday, October 12th. Vining Sparks reissued a “buy” rating and issued a $64.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $48.00 price target 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 company. The company currently has an average rating of “Hold” and an average price target of $56.82.

U.S. Bancorp (NYSE USB) opened at $56.46 on Monday. The company has a market cap of $93,690.00, a price-to-earnings ratio of 16.09, a PEG ratio of 1.89 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $57.69. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.30 dividend. 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 (DPR) is 34.19%.

Institutional investors have recently made changes to their positions in the company. Hudock Capital Group LLC boosted its position in U.S. Bancorp by 0.4% during the 2nd 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 during the period. BSW Wealth Partners boosted its position in U.S. Bancorp by 0.6% during the 2nd 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 during the period. D. Scott Neal Inc. boosted its position in U.S. Bancorp by 0.5% during 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 during the period. Budros Ruhlin & Roe Inc. boosted its position in U.S. Bancorp by 0.5% during 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 during the period. Finally, Green Square Capital LLC boosted its position in U.S. Bancorp by 0.4% during the 2nd quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock valued at $593,000 after buying an additional 41 shares during the period. 73.98% of the stock is 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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