U.S. Bancorp (NYSE:USB) released its earnings results on Thursday. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.14, RTT News reports. U.S. Bancorp had a return on equity of 15.18% and a net margin of 29.83%. The business had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
USB opened at $61.46 on Thursday. U.S. Bancorp has a 12 month low of $36.57 and a 12 month high of $63.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a market cap of $91.12 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.71 and a beta of 1.14. The stock’s 50 day moving average price is $58.03 and its 200 day moving average price is $57.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be given a $0.46 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, September 29th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 60.13%.
About U.S. Bancorp
U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.
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