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Wednesday, September 30, 2020

U.S. Bancorp (NYSE:USB) Recent Earnings Shows Major Concern

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The U.S. Bancorp (USB) shares are trading at lower $36.03 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $42.86.

To add more color to this target, the company’s high over the last year is $61.11 and the low is $28.36. Over the last 52 weeks, USB is down -41.04% while the S&P 500 is up 0.29%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, USB reported a profit of $3.2 billion. U.S. Bancorp also saw revenues increase to $3.67 billion. In addition, USB has free cash flow of $0.0 as of 06-2020.

USB booked profit margins of 39.90%, its Return on Equity (ROE) is 14.20%, and its Return on Assets is 1.30%. All told, it is clear that, USB needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. USB has a short ratio of 2.03 and outstanding shares of 1.52B.

Company Outlook

USB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 7.54 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.18. Investors should also keep an eye on sector updates as USB has historically followed its peers on positive news.

All told, U.S. Bancorp USB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, USB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

U.S. Bancorp USB is now commanding a market cap of 56.58B and a float of 1.50B. USB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of USB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in USB, either long or short, and we have not been compensated for this article.

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