Equities research analysts expect American Express (NYSE:AXP) to post $1.71 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for American Express’ earnings. The highest EPS estimate is $1.87 and the lowest is $1.53. American Express reported earnings of $1.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 27.6%. The business is expected to announce its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that American Express will report full-year earnings of $7.15 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.35. For the next financial year, analysts expect that the business will report earnings of $7.95 per share, with EPS estimates ranging from $7.37 to $8.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover American Express.
American Express (NYSE:AXP) last announced its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.07%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS.
Several analysts have commented on AXP shares. Stephens set a $97.00 target price on shares of American Express and gave the stock a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, January 12th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Thursday, January 11th. Oppenheimer set a $117.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $126.00 target price on shares of American Express in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.68.
In related news, EVP Michael John O’neill sold 43,741 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $98.85, for a total value of $4,323,797.85. Following the completion of the transaction, the executive vice president now directly owns 43,731 shares of the company’s stock, valued at $4,322,809.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James Peter Bush sold 12,789 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the transaction, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. Insiders sold 326,110 shares of company stock valued at $31,858,001 over the last three months. 0.67% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its position in American Express by 59.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 5,305,396 shares of the payment services company’s stock worth $526,879,000 after purchasing an additional 1,968,718 shares during the period. Veritas Asset Management LLP boosted its position in American Express by 15.2% during the second quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock worth $867,942,000 after purchasing an additional 1,358,474 shares during the period. Millennium Management LLC boosted its position in American Express by 847.9% during the fourth quarter. Millennium Management LLC now owns 1,480,273 shares of the payment services company’s stock worth $147,006,000 after purchasing an additional 1,324,105 shares during the period. Renaissance Technologies LLC bought a new position in American Express during the second quarter worth $101,526,000. Finally, Swedbank bought a new position in American Express during the fourth quarter worth $98,751,000. 82.38% of the stock is owned by institutional investors and hedge funds.
Shares of American Express (NYSE:AXP) traded down $0.15 during mid-day trading on Thursday, reaching $97.35. 4,270,000 shares of the company’s stock traded hands, compared to its average volume of 4,530,000. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11. The firm has a market cap of $84,500.00, a P/E ratio of 16.44, a P/E/G ratio of 1.33 and a beta of 1.19. American Express has a 52-week low of $75.51 and a 52-week high of $102.39.
The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.44%. American Express’s dividend payout ratio is presently 23.65%.
WARNING: “Zacks: Analysts Expect American Express (AXP) Will Announce Earnings of $1.71 Per Share” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/22/zacks-analysts-expect-american-express-axp-will-announce-earnings-of-1-71-per-share.html.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
Get a free copy of the Zacks research report on American Express (AXP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.