FY2022 EPS Estimates for U.S. Bancorp Lowered by Analyst (NYSE:USB)

U.S. Bancorp (NYSE:USBGet Rating) – Wedbush lowered their FY2022 EPS estimates for U.S. Bancorp in a research report issued on Tuesday, April 12th. Wedbush analyst P. Winter now anticipates that the financial services provider will earn $4.37 per share for the year, down from their previous forecast of $4.39. Wedbush also issued estimates for U.S. Bancorp’s Q4 2022 earnings at $1.14 EPS and FY2023 earnings at $5.28 EPS.

Several other analysts also recently issued reports on USB. StockNews.com started coverage on U.S. Bancorp in a research note on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. decreased their price target on U.S. Bancorp from $73.00 to $72.00 in a research note on Thursday, February 3rd. Citigroup downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 price target for the company. in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Friday, December 17th. Finally, Morgan Stanley decreased their price target on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus price target of $63.77.

Shares of NYSE USB opened at $52.71 on Thursday. The business’s 50-day moving average price is $55.51 and its two-hundred day moving average price is $57.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.72. U.S. Bancorp has a one year low of $49.78 and a one year high of $63.57. The company has a market capitalization of $78.28 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99.

U.S. Bancorp (NYSE:USBGet Rating) last issued its earnings results on Thursday, April 14th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. U.S. Bancorp had a return on equity of 16.42% and a net margin of 33.14%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of the business. McIlrath & Eck LLC raised its holdings in U.S. Bancorp by 1.7% in the 3rd quarter. McIlrath & Eck LLC now owns 9,931 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 169 shares in the last quarter. Breiter Capital Management Inc. raised its holdings in U.S. Bancorp by 3.8% in the 4th quarter. Breiter Capital Management Inc. now owns 4,617 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 170 shares in the last quarter. Sadoff Investment Management LLC raised its holdings in U.S. Bancorp by 3.2% in the 3rd quarter. Sadoff Investment Management LLC now owns 5,507 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 171 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in U.S. Bancorp by 2.1% in the 4th quarter. Venture Visionary Partners LLC now owns 8,302 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 171 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in U.S. Bancorp by 2.6% in the 4th quarter. International Assets Investment Management LLC now owns 6,671 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 172 shares in the last quarter. 73.89% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $1.84 annualized dividend and a dividend yield of 3.49%. U.S. Bancorp’s dividend payout ratio is presently 36.08%.

About U.S. Bancorp (Get Rating)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

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Earnings History and Estimates for U.S. Bancorp (NYSE:USB)

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