U.S. Bancorp. (NYSE:USB) traded at $40.99 at last check on Tuesday, April 30, made a downward move of -0.74% on its previous day’s price.
Looking at the stock we see that its previous close was $41.29. The company has a trailing 12-month PE ratio of 13.60. In terms of its 52-week price range, USB has a high of $45.85 and a low of $27.27. The company’s stock has lost about -6.75% over that past 30 days.
U.S. Bancorp. has a market cap of $63.87 billion. With its Forward Dividend at 1.94 and a yield of 4.73%, the company’s investors could be anxious for the USB stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.95, with the EPS growth for the year raised at $3.87 for 2024 and $4.3 for next year. These figures represent -10.20% and 11.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.81 billion, with a low of $6.75 billion and a high of $6.87 billion. The median projection represents growth adding up to -4.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $27.41 billion, or -2.70% down from figures reported last year.
On the other hand, looking at the outlook for the USB stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the USB stock currently stands at 2.27, and the most recent price level today is -1.76% off its SMA20 and -3.04% from its 50-day simple moving average. The RSI (14) is pointing at 44.21 while the volatility over the past week is 2.08% and jumps to 2.29% over the past one month. The beta value is 1.06, while the average true range (ATR) is currently pointing at 1.00.
Coming back to U.S. Bancorp. (NYSE:USB), we note that the average 3-month trading volume was 8.40 million. Current shares outstanding are 1.56 billion.
The insiders hold 0.25% of the company’s shares while institutions hold 78.53%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -5.30% down in year-to-date price movement.
