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

U.S. Bancorp (NYSE:USB) is anticipated 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.Parties that are interested in participating in the company’s conference call can do so using this link.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm 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 revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 $38.14 on Tuesday. The company’s fifty day moving average is $43.28 and its two-hundred day moving average is $46.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $59.42 billion, a P/E ratio of 10.06, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a one year low of $35.18 and a one year 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Analysts Set New Price Targets

USB has been the topic of a number of analyst reports. Truist Financial lowered their target price on U.S. Bancorp from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Morgan Stanley reduced their price objective on shares of U.S. Bancorp from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Oppenheimer boosted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Barclays raised their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.52.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U.S. Bancorp stock. Brighton Jones LLC lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 323.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 77.60% of the company’s stock.

About U.S. Bancorp

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.