U.S. Bancorp (USB) Set to Announce Earnings on Wednesday
U.S. Bancorp (NYSE:USB) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 17th. Analysts expect U.S. Bancorp to post earnings of $1.01 per share for the quarter.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. On average, analysts expect U.S. Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NYSE:USB opened at $49.89 on Tuesday. The stock has a market cap of $80.17 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.64 and a beta of 1.06. U.S. Bancorp has a 1-year low of $43.14 and a 1-year high of $55.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85.
Several analysts have weighed in on USB shares. Jefferies Financial Group cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Oppenheimer boosted their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, January 28th. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, December 18th. Finally, Barclays boosted their price objective on U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $58.08.
In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $51.50, for a total transaction of $758,955.50. Following the completion of the transaction, the insider now directly owns 61,737 shares in the company, valued at approximately $3,179,455.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by insiders.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
Further Reading: Growth Stocks
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