Q1 2018 EPS Estimates for U.S. Bancorp (USB) Raised by Oppenheimer

U.S. Bancorp (NYSE:USB) – Analysts at Oppenheimer boosted their Q1 2018 earnings per share estimates for U.S. Bancorp in a research report issued on Wednesday. Oppenheimer analyst B. Chittenden now expects that the financial services provider will post earnings of $0.96 per share for the quarter, up from their previous forecast of $0.91. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for U.S. Bancorp’s Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $4.04 EPS and FY2019 earnings at $4.41 EPS.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis.

A number of other research analysts have also recently commented on USB. Royal Bank of Canada upped their price target on U.S. Bancorp to $61.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley upped their price target on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Vining Sparks reaffirmed a “buy” rating and set a $64.00 price target on shares of U.S. Bancorp in a research report on Monday, January 8th. Nomura cut U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Finally, Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $56.56.

Shares of U.S. Bancorp (NYSE USB) traded down $0.19 during midday trading on Friday, hitting $56.15. The stock had a trading volume of 9,218,100 shares, compared to its average volume of 7,043,000. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $57.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $93,310.00, a PE ratio of 16.00, a PEG ratio of 1.91 and a beta of 0.85.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. U.S. Bancorp’s payout ratio is 34.19%.

Large investors have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $103,000. Phocas Financial Corp. bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $109,000. Horan Capital Advisors LLC. bought a new stake in shares of U.S. Bancorp during the 3rd quarter valued at $112,000. Pathstone Family Office LLC raised its stake in shares of U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its stake in shares of U.S. Bancorp by 1,211.9% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 3,054 shares during the period. Institutional investors own 73.98% of the company’s stock.

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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.

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

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