U.S. Bancorp (NYSE:USB) is scheduled to post its quarterly earnings results before the market opens on Wednesday, July 19th. Analysts expect U.S. Bancorp to post earnings of $0.84 per share for the quarter.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. U.S. Bancorp had a return on equity of 13.99% and a net margin of 25.86%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.27 billion. During the same period last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect U.S. Bancorp to post $3.46 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
U.S. Bancorp (NYSE:USB) opened at 52.03 on Tuesday. The stock has a market capitalization of $87.69 billion, a PE ratio of 15.76 and a beta of 0.86. The stock has a 50 day moving average price of $51.68 and a 200 day moving average price of $52.36. U.S. Bancorp has a 52 week low of $41.12 and a 52 week high of $56.61.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.15%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 33.84%.
U.S. Bancorp announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $2.60 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
USB has been the subject of several analyst reports. BidaskClub downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday. Rafferty Capital Markets downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research note on Thursday, April 20th. Zacks Investment Research downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a research note on Friday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $55.00 price objective on shares of U.S. Bancorp in a research note on Tuesday, April 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $51.56.
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In related news, Vice Chairman Leslie V. Godridge sold 25,746 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $50.62, for a total value of $1,303,262.52. Following the completion of the transaction, the insider now directly owns 73,857 shares of the company’s stock, valued at approximately $3,738,641.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman P.W. Parker sold 29,449 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $51.94, for a total value of $1,529,581.06. Following the completion of the transaction, the insider now directly owns 307,698 shares of the company’s stock, valued at $15,981,834.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,387 shares of company stock valued at $3,573,382. Company insiders own 0.39% of the company’s stock.
About U.S. Bancorp
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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