Earnings results for U.S. Bancorp (NYSE:USB)
U.S. Bancorp is expected* to report earnings on 10/14/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.16. The reported EPS for the same quarter last year was $0.99.
U.S. Bancorp last issued its earnings results on July 14th, 2021. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.14. The business earned $5.78 billion during the quarter, compared to analyst estimates of $5.62 billion. Its revenue for the quarter was up .2% on a year-over-year basis. U.S. Bancorp has generated $3.06 earnings per share over the last year ($4.67 diluted earnings per share) and currently has a price-to-earnings ratio of 13.2. Earnings for U.S. Bancorp are expected to decrease by -9.60% in the coming year, from $5.00 to $4.52 per share. U.S. Bancorp has confirmed that its next quarterly earnings report will be published on Thursday, October 14th, 2021. U.S. Bancorp will be holding an earnings conference call on Thursday, October 14th at 8:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “7689764”.
Analyst Opinion on U.S. Bancorp (NYSE:USB)
According to the issued ratings of 13 analysts in the last year, the consensus rating for U.S. Bancorp stock is Buy based on the current 6 hold ratings and 7 buy ratings for USB. The average twelve-month price target for U.S. Bancorp is $63.81 with a high price target of $73.00 and a low price target of $52.00.
on USB’s analyst rating history
U.S. Bancorp has received a consensus rating of Buy. The company’s average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings. According to analysts’ consensus price target of $63.81, U.S. Bancorp has a forecasted upside of 3.5% from its current price of $61.66. U.S. Bancorp has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: U.S. Bancorp (NYSE:USB)
U.S. Bancorp pays a meaningful dividend of 2.97%, higher than the bottom 25% of all stocks that pay dividends. U.S. Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of U.S. Bancorp is 60.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, U.S. Bancorp will have a dividend payout ratio of 40.71% next year. This indicates that U.S. Bancorp will be able to sustain or increase its dividend.
Insiders buying/selling: U.S. Bancorp (NYSE:USB)
In the past three months, U.S. Bancorp insiders have not sold or bought any company stock. Only 0.23% of the stock of U.S. Bancorp is held by insiders. 73.80% of the stock of U.S. Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of U.S. Bancorp (NYSE:USB
Earnings for U.S. Bancorp are expected to decrease by -9.60% in the coming year, from $5.00 to $4.52 per share. The P/E ratio of U.S. Bancorp is 13.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.76. The P/E ratio of U.S. Bancorp is 13.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.57. U.S. Bancorp has a PEG Ratio of 1.71. PEG Ratios above 1 indicate that a company could be overvalued. U.S. Bancorp has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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