Analysts predict that U.S. Bancorp (NYSE:USB) will post earnings of $1.11 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for U.S. Bancorp’s earnings, with estimates ranging from $1.08 to $1.16. U.S. Bancorp posted earnings of $1.06 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The firm is expected to report its next quarterly earnings results on Wednesday, October 16th.

On average, analysts expect that U.S. Bancorp will report full-year earnings of $4.31 per share for the current financial year, with EPS estimates ranging from $4.22 to $4.36. For the next financial year, analysts forecast that the company will report earnings of $4.47 per share, with EPS estimates ranging from $4.25 to $4.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow U.S. Bancorp.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a return on equity of 15.45% and a net margin of 26.70%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS.

USB has been the topic of several analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $55.00 price objective on shares of U.S. Bancorp in a research note on Thursday. Deutsche Bank set a $59.00 price objective on U.S. Bancorp and gave the company a “hold” rating in a research note on Friday, July 26th. Bank of America upgraded U.S. Bancorp from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $49.00 to $55.00 in a research note on Thursday, July 18th. JPMorgan Chase & Co. upgraded U.S. Bancorp from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $52.50 to $57.00 in a research note on Wednesday, July 31st. Finally, Piper Jaffray Companies set a $59.00 price objective on U.S. Bancorp and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and an average target price of $56.93.

In related news, Vice Chairman Shailesh M. Kotwal sold 20,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $57.33, for a total transaction of $1,146,600.00. Following the sale, the insider now directly owns 65,959 shares in the company, valued at approximately $3,781,429.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark G. Runkel sold 10,986 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $57.32, for a total value of $629,717.52. Following the sale, the executive vice president now owns 45,213 shares in the company, valued at $2,591,609.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,547 shares of company stock worth $2,862,231. 0.24% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in U.S. Bancorp by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 18,322,754 shares of the financial services provider’s stock worth $835,766,000 after buying an additional 1,285,265 shares in the last quarter. Signet Investment Advisory Group Inc. lifted its holdings in U.S. Bancorp by 1.0% during the 1st quarter. Signet Investment Advisory Group Inc. now owns 33,270 shares of the financial services provider’s stock worth $1,603,000 after buying an additional 325 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in U.S. Bancorp by 0.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 263,955 shares of the financial services provider’s stock worth $12,720,000 after buying an additional 1,400 shares in the last quarter. Chilton Investment Co. LLC lifted its holdings in U.S. Bancorp by 2.7% during the 1st quarter. Chilton Investment Co. LLC now owns 16,587 shares of the financial services provider’s stock worth $799,000 after buying an additional 430 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in U.S. Bancorp by 13.0% during the 1st quarter. Toronto Dominion Bank now owns 1,086,126 shares of the financial services provider’s stock worth $52,326,000 after buying an additional 125,079 shares in the last quarter. Institutional investors and hedge funds own 75.49% of the company’s stock.

Shares of USB stock traded down $0.22 during trading hours on Monday, hitting $55.86. The company had a trading volume of 2,838,923 shares, compared to its average volume of 5,863,303. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $57.81. The firm has a market capitalization of $87.82 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.85 and a beta of 1.10. The firm’s fifty day moving average is $53.46 and its 200 day moving average is $52.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 0.84.

U.S. Bancorp announced that its board has approved a share buyback program on Thursday, June 27th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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