Trade Report: Today: U.S. Bancorp (USB) Set to Announce Quarterly Earnings on Wednesday

Today: U.S. Bancorp (USB) Set to Announce Quarterly Earnings on Wednesday

U.S. Bancorp (NYSE:USB) is scheduled to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect U.S. Bancorp to post earnings of $0.83 per share and revenue of $5.34 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. U.S. Bancorp had a net margin of 26.56% and a return on equity of 14.05%. The business earned $5.45 billion during the quarter. During the same period in the prior year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts expect U.S. Bancorp to post $3.25 EPS for the current fiscal year and $3.41 EPS for the next fiscal year.

Shares of U.S. Bancorp (NYSE:USB) opened at 42.85 on Monday. The company has a market cap of $73.34 billion, a PE ratio of 13.43 and a beta of 0.82. The company’s 50-day moving average is $43.31 and its 200 day moving average is $42.11. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $44.58.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 2.61%. U.S. Bancorp’s dividend payout ratio (DPR) is 35.00%.

In related news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $42.00, for a total value of $4,324,362.00. Following the completion of the sale, the insider now owns 178,422 shares in the company, valued at approximately $7,493,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig E. Gifford sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $41.87, for a total value of $104,675.00. Following the completion of the sale, the executive vice president now owns 49,881 shares of the company’s stock, valued at approximately $2,088,517.47. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in U.S. Bancorp by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,537,189 shares of the financial services provider’s stock worth $182,985,000 after buying an additional 81,858 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of U.S. Bancorp by 0.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 411,378 shares of the financial services provider’s stock valued at $16,591,000 after buying an additional 2,784 shares during the last quarter. Bellwether Investment Group LLC bought a new stake in shares of U.S. Bancorp during the second quarter valued at $116,000. Madison Investment Holdings Inc. increased its stake in shares of U.S. Bancorp by 9.4% in the second quarter. Madison Investment Holdings Inc. now owns 1,577,926 shares of the financial services provider’s stock valued at $63,638,000 after buying an additional 136,081 shares during the last quarter. Finally, Wealthfront Inc. increased its stake in shares of U.S. Bancorp by 9.2% in the second quarter. Wealthfront Inc. now owns 20,814 shares of the financial services provider’s stock valued at $839,000 after buying an additional 1,746 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

Several equities analysts have weighed in on the company. Deutsche Bank AG restated a “hold” rating on shares of U.S. Bancorp in a research note on Sunday, June 26th. Nomura restated a “buy” rating on shares of U.S. Bancorp in a research note on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Barclays PLC reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Saturday, September 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $45.22.

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