Brokerages forecast that U.S. Bancorp (NYSE:USB – Get Rating) will report sales of $5.91 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for U.S. Bancorp’s earnings. The lowest sales estimate is $5.85 billion and the highest is $5.99 billion. U.S. Bancorp posted sales of $5.76 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that U.S. Bancorp will report full year sales of $24.77 billion for the current year, with estimates ranging from $23.87 billion to $25.49 billion. For the next fiscal year, analysts forecast that the business will report sales of $27.88 billion, with estimates ranging from $25.65 billion to $29.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover U.S. Bancorp.
U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.55 billion. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS.
NYSE USB opened at $48.59 on Friday. The stock has a market capitalization of $72.19 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.71 and a beta of 0.99. U.S. Bancorp has a one year low of $47.68 and a one year high of $63.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74. The business’s fifty day moving average is $52.69 and its 200-day moving average is $56.47.
The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Wednesday, March 30th. U.S. Bancorp’s payout ratio is presently 39.66%.
A number of hedge funds have recently bought and sold shares of USB. McIlrath & Eck LLC lifted its position 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 worth $590,000 after buying an additional 169 shares during the last quarter. Breiter Capital Management Inc. lifted its position 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 worth $259,000 after buying an additional 170 shares during the last quarter. Sadoff Investment Management LLC lifted its position 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 worth $327,000 after buying an additional 171 shares during the last quarter. Venture Visionary Partners LLC lifted its position 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 worth $466,000 after buying an additional 171 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position 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 worth $270,000 after buying an additional 172 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.
U.S. Bancorp Company Profile (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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