Analysts expect U.S. Bancorp (NYSE:USB) to post sales of $5.73 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for U.S. Bancorp’s earnings, with the lowest sales estimate coming in at $5.69 billion and the highest estimate coming in at $5.76 billion. U.S. Bancorp posted sales of $5.61 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The business is expected to report its next earnings report on Wednesday, July 17th.
According to Zacks, analysts expect that U.S. Bancorp will report full year sales of $22.91 billion for the current year, with estimates ranging from $22.68 billion to $23.02 billion. For the next fiscal year, analysts forecast that the business will report sales of $23.60 billion, with estimates ranging from $23.23 billion to $23.79 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow U.S. Bancorp.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share.
In other news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $53.14, for a total value of $248,110.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the completion of the sale, the insider now owns 49,495 shares of the company’s stock, valued at $2,504,941.95. The disclosure for this sale can be found here. Insiders sold 37,233 shares of company stock valued at $1,907,734 over the last 90 days. 0.24% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. WESPAC Advisors SoCal LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at $27,000. Executive Wealth Management LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at $27,000. Trustcore Financial Services LLC acquired a new position in U.S. Bancorp during the 1st quarter valued at $28,000. Gantzert Investment Co. LLC ADV acquired a new position in U.S. Bancorp during the 4th quarter valued at $32,000. Finally, ERTS Wealth Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
USB stock traded down $0.10 during trading hours on Friday, hitting $52.12. The company’s stock had a trading volume of 4,832,943 shares, compared to its average volume of 6,477,507. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $85.58 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.78 and a beta of 1.10. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $55.56.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, March 28th. U.S. Bancorp’s payout ratio is 36.10%.
About U.S. Bancorp
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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