EPS for U.S. Bancorp (USB) Expected At $0.94; Forum Energy Technologies (FET) Has 1.05 Sentiment

April 17, 2018 - By David Stenberg

U.S. Bancorp (NYSE:USB) Logo

Analysts expect U.S. Bancorp (NYSE:USB) to report $0.94 EPS on April, 18 before the open.They anticipate $0.12 EPS change or 14.63% from last quarter’s $0.82 EPS. USB’s profit would be $1.55B giving it 13.67 P/E if the $0.94 EPS is correct. After having $0.88 EPS previously, U.S. Bancorp’s analysts see 6.82% EPS growth. The stock increased 0.90% or $0.46 during the last trading session, reaching $51.41. About 8.19 million shares traded or 13.38% up from the average. U.S. Bancorp (NYSE:USB) has declined 4.48% since April 17, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Forum Energy Technologies Inc (FET) investors sentiment decreased to 1.05 in Q4 2017. It’s down -0.29, from 1.34 in 2017Q3. The ratio turned negative, as 61 funds started new and increased positions, while 58 cut down and sold their positions in Forum Energy Technologies Inc. The funds in our database now have: 95.28 million shares, down from 97.69 million shares in 2017Q3. Also, the number of funds holding Forum Energy Technologies Inc in top ten positions was flat from 4 to 4 for the same number . Sold All: 15 Reduced: 43 Increased: 39 New Position: 22.

Since January 1, 0001, it had 1 insider buy, and 0 sales for $956,700 activity.

Forum Energy Technologies, Inc. designs, makes, and distributes products to the oil and natural gas industry in the United States and internationally. The company has market cap of $1.31 billion. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure. It currently has negative earnings. The Drilling & Subsea segment creates and makes products, and provides related services to the drilling and subsea construction markets.

Analysts await Forum Energy Technologies, Inc. (NYSE:FET) to report earnings on April, 30 after the close. They expect $-0.06 EPS, up 57.14% or $0.08 from last year’s $-0.14 per share. After $-0.04 actual EPS reported by Forum Energy Technologies, Inc. for the previous quarter, Wall Street now forecasts 50.00% negative EPS growth.

Simmons L E & Associates Inc holds 51.95% of its portfolio in Forum Energy Technologies, Inc. for 20.53 million shares. Tinicum Inc owns 2.67 million shares or 12.59% of their US portfolio. Moreover, Hillman Co has 9.72% invested in the company for 2.36 million shares. The Texas-based Tph Asset Management Llc has invested 2.92% in the stock. Sir Capital Management L.P., a New York-based fund reported 707,532 shares.

Ratings analysis reveals 25% of Forum Energy Tech.’s analysts are positive. Out of 4 Wall Street analysts rating Forum Energy Tech., 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $18.0 while the high is $23.0. The stock’s average target of $20 is 65.98% above today’s ($12.05) share price. FET was included in 4 notes of analysts from September 15, 2016. Cowen & Co downgraded the shares of FET in report on Friday, October 14 to “Market Perform” rating. The rating was upgraded by Barclays Capital on Friday, September 23 to “Overweight”. The firm has “Hold” rating given on Thursday, September 15 by Gabelli. FBR Capital maintained the shares of FET in report on Thursday, February 16 with “Mkt Perform” rating.

The stock decreased 2.03% or $0.25 during the last trading session, reaching $12.05. About 938,255 shares traded. Forum Energy Technologies, Inc. (FET) has declined 41.26% since April 17, 2017 and is downtrending. It has underperformed by 52.81% the S&P500.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. The company has market cap of $84.87 billion. It offers depository services, which include checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, as well as credit card services, leasing financing, import/export trade, asset-backed lending, agricultural finance, and other products. It has a 14.65 P/E ratio. The firm also provides ancillary services, including capital markets, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business firms, and charitable organizations.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 10 have Buy rating, 4 Sell and 19 Hold. Therefore 30% are positive. U.S. Bancorp had 89 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. The stock of U.S. Bancorp (NYSE:USB) has “Hold” rating given on Wednesday, July 19 by Oppenheimer. The rating was maintained by Piper Jaffray with “Hold” on Sunday, September 17. The rating was downgraded by Morgan Stanley on Monday, November 14 to “Underweight”. RBC Capital Markets maintained the shares of USB in report on Wednesday, April 5 with “Buy” rating. Nomura maintained U.S. Bancorp (NYSE:USB) on Monday, October 23 with “Neutral” rating. The stock of U.S. Bancorp (NYSE:USB) has “Buy” rating given on Friday, August 11 by Jefferies. On Tuesday, June 13 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. RBC Capital Markets maintained U.S. Bancorp (NYSE:USB) on Tuesday, January 19 with “Outperform” rating. The stock has “Sell” rating by Bank of America on Monday, October 2.

U.S. Bancorp (NYSE:USB) Institutional Positions Chart

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By1 David Stenberg

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