U.S. Bancorp (NYSE:USB) announced its earnings results on Wednesday. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08, Briefing.com reports. U.S. Bancorp had a net margin of 19.70% and a return on equity of 11.82%. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The business’s revenue was up .7% compared to the same quarter last year.
USB stock opened at $38.42 on Wednesday. The company’s 50 day simple moving average is $37.07 and its 200-day simple moving average is $36.24. The firm has a market capitalization of $57.87 billion, a PE ratio of 12.08, a P/E/G ratio of 2.44 and a beta of 1.10. U.S. Bancorp has a 12 month low of $28.36 and a 12 month high of $61.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.68 annualized dividend and a dividend yield of 4.37%. U.S. Bancorp’s dividend payout ratio is presently 38.71%.
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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