U.S. Bancorp (NYSE:USB) announced its quarterly earnings results on Thursday. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.14, RTT News reports. The company had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.76 billion. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share.
Shares of USB stock opened at $61.46 on Thursday. The company has a 50 day moving average of $58.03 and a 200-day moving average of $57.98. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.76. U.S. Bancorp has a 12-month low of $36.57 and a 12-month high of $63.00. The firm has a market cap of $91.12 billion, a P/E ratio of 13.16, a PEG ratio of 1.71 and a beta of 1.14.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, September 29th. This represents a $1.84 annualized dividend and a dividend yield of 2.99%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.42. U.S. Bancorp’s dividend payout ratio (DPR) is currently 60.13%.
About U.S. Bancorp
U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.
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