Brokerages expect U.S. Bancorp (NYSE:USB) to report $1.01 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for U.S. Bancorp’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.06. U.S. Bancorp posted earnings of $0.95 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, April 17th.

On average, analysts expect that U.S. Bancorp will report full-year earnings of $4.35 per share for the current fiscal year, with EPS estimates ranging from $4.24 to $4.56. For the next year, analysts anticipate that the company will report earnings of $4.66 per share, with EPS estimates ranging from $4.43 to $4.91. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow U.S. Bancorp.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data 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. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the firm posted $0.88 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis.

USB has been the subject of a number of recent analyst reports. Zacks Investment Research cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. Deutsche Bank cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Standpoint Research cut U.S. Bancorp from a “buy” rating to a “hold” rating and raised their price objective for the company from $54.16 to $63.00 in a research report on Monday, November 26th. They noted that the move was a valuation call. Finally, Barclays raised their price objective on U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $58.00.

In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $51.50, for a total transaction of $758,955.50. Following the transaction, the insider now owns 61,737 shares in the company, valued at $3,179,455.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. HC Financial Advisors Inc. increased its stake in shares of U.S. Bancorp by 5.2% in the 3rd quarter. HC Financial Advisors Inc. now owns 42,967 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 2,143 shares during the last quarter. Montag A & Associates Inc. increased its stake in shares of U.S. Bancorp by 35.6% in the 3rd quarter. Montag A & Associates Inc. now owns 8,624 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 2,266 shares during the last quarter. MML Investors Services LLC increased its stake in shares of U.S. Bancorp by 51.5% in the 3rd quarter. MML Investors Services LLC now owns 32,777 shares of the financial services provider’s stock valued at $1,731,000 after purchasing an additional 11,135 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in shares of U.S. Bancorp by 18.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 78,869 shares of the financial services provider’s stock valued at $4,165,000 after purchasing an additional 12,338 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of U.S. Bancorp by 13.4% in the 3rd quarter. Norinchukin Bank The now owns 110,224 shares of the financial services provider’s stock valued at $5,821,000 after purchasing an additional 13,038 shares during the last quarter. Institutional investors own 74.18% of the company’s stock.

Shares of USB traded up $0.36 during mid-day trading on Friday, reaching $52.07. The company’s stock had a trading volume of 9,057,122 shares, compared to its average volume of 6,542,412. U.S. Bancorp has a 1-year low of $43.14 and a 1-year high of $55.56. The stock has a market cap of $81.69 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.68 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91.

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.

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

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