U.S. Bancorp (NYSE: USB) has reported E.P.S. of $0.97 for its second fiscal quarter (ending June 30) versus $0.84 for the same period a year ago — an increase of 15%. This performance was $0.02 better than the consensus estimate of $0.95. For the latest four quarters through June 30, E.P.S. were $3.15 compared to $3.60 a year ago — a decline of -12%.
Recent Price Action
U.S. Bancorp (NYSE: USB) stock closed at $45.26 on 7/17/24 after a large increase of 4.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 257% of normal. The stock has risen 13.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
USB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
US Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. US Bancorp has a neutral Power Rating of 60 but a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment