U.S. Bancorp (USB) Expected to Announce Earnings on Wednesday

U.S. Bancorp (NYSE:USB) is expected to announce its earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $6.92 billion for the quarter. U.S. Bancorp has set its FY 2025 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. On average, analysts expect U.S. Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $37.85 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $58.97 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.73 and a beta of 0.91. The firm’s 50 day simple moving average is $43.46 and its 200-day simple moving average is $47.04. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 5.28%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Insider Activity

In related news, EVP James L. Chosy sold 21,451 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On U.S. Bancorp

A hedge fund recently raised its stake in U.S. Bancorp stock. Brighton Jones LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 323.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 48,274 shares of the financial services provider’s stock after purchasing an additional 36,863 shares during the period. Brighton Jones LLC’s holdings in U.S. Bancorp were worth $2,309,000 at the end of the most recent reporting period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on USB shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Truist Financial lowered their price target on U.S. Bancorp from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Morgan Stanley cut their price objective on U.S. Bancorp from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Oppenheimer increased their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.52.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.