U.S. Bancorp. (NYSE:USB) shares, rose in value, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $43.03.
Actively observing the price movement in the last trading, the stock closed the session at $42.92. The value of beta (5-year monthly) was 1.05 whereas the PE ratio was 13.13 over 12-month period. Referring to stock’s 52-week performance, its high was $45.85, and the low was $27.27. On the whole, USB has fluctuated by -0.14% over the past month.
With the market capitalization of U.S. Bancorp. currently standing at about $67.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 17, 2024. The company’s Forward Dividend Ratio is 1.94, with its dividend yield at 4.51%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.88, which is expected to increase to $1 for fiscal year $3.9 and then to about $4.38 by fiscal year 2025. Data indicates that the EPS growth is expected to be -9.50% in 2025, while the next year’s EPS growth is forecast to be 12.30%.
Analysts have estimated the company’s revenue for the quarter at $6.72 billion, with a low estimate of $6.63 billion and a high estimate of $6.82 billion. According to the average forecast, sales growth in current quarter could jump down -5.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $27.67 billion, representing a decrease of -1.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that USB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.19, with the price of USB currently trading nearly -0.67% and 1.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.28, while the 7-day volatility ratio is showing 2.04% which for the 30-day chart, stands at 2.06%. Furthermore, U.S. Bancorp. (USB)’s beta value is 1.05, and its average true range (ATR) is 0.95.
A comparison of U.S. Bancorp. (USB) with its peers suggests the former has fared considerably weaker in the market. USB showed an intraday change of 0.26% in last session, and over the past year, it grew by 22.73%%.
Data on historical trading for U.S. Bancorp. (NYSE:USB) indicates that the trading volumes over the past 10 days have averaged 6.44 million and over the past 3 months, they’ve averaged 8.95 million. According to company’s latest data on outstanding shares, there are 1.56 billion shares outstanding.
Nearly 0.25% of U.S. Bancorp.’s shares belong to company insiders and institutional investors own 78.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.9 million shares as on Mar 15, 2024, resulting in a short ratio of 2.43. According to the data, the short interest in U.S. Bancorp. (USB) stood at 1.41% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.3 million. The stock has fallen by -0.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the USB stock heading into the next quarter.
