U.S. Bancorp (USB) Set to Announce Quarterly Earnings on Thursday

U.S. Bancorp (NYSE:USB) will be announcing its earnings results before the market opens on Thursday, January 16th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the business earned $1.05 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, analysts expect U.S. Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

U.S. Bancorp Trading Up 1.4 %

Shares of USB stock opened at $49.08 on Wednesday. The company has a market cap of $76.57 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $50.25 and its two-hundred day moving average is $46.68.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 61.16%.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Compass Point lifted their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Finally, Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $54.07.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.