U.S. Bancorp (NYSE:USB) released its quarterly earnings results on Wednesday. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.08, Briefing.com reports. U.S. Bancorp had a return on equity of 11.82% and a net margin of 19.70%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year.
U.S. Bancorp stock opened at $38.42 on Wednesday. The stock has a market cap of $57.87 billion, a PE ratio of 12.08, a P/E/G ratio of 2.44 and a beta of 1.10. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $37.07 and its two-hundred day moving average price is $36.24. U.S. Bancorp has a 12-month low of $28.36 and a 12-month high of $61.11.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.68 annualized dividend and a yield of 4.37%. U.S. Bancorp’s dividend payout ratio is currently 38.71%.
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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