American Express (NYSE:AXP) will be releasing its earnings data after the market closes on Wednesday, April 18th. Analysts expect American Express to post earnings of $1.65 per share for the quarter. American Express has set its FY18 guidance at $6.90-7.30 EPS.
American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. On average, analysts expect American Express to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of NYSE:AXP opened at $93.03 on Monday. The company has a market capitalization of $80,307.02, a P/E ratio of 15.85, a PEG ratio of 1.27 and a beta of 1.14. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06. American Express has a 1 year low of $75.51 and a 1 year high of $102.39.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.50%. American Express’s dividend payout ratio (DPR) is 23.85%.
In related news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the sale, the insider now owns 100,790 shares of the company’s stock, valued at $9,942,933.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
A number of brokerages recently issued reports on AXP. Barclays set a $119.00 price objective on shares of American Express and gave the company an “equal weight” rating in a research note on Thursday, January 11th. Instinet began coverage on shares of American Express in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 price objective on the stock. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Wednesday, January 3rd. Credit Suisse Group reissued a “hold” rating and issued a $94.00 price objective on shares of American Express in a research note on Friday, March 16th. Finally, Citigroup began coverage on shares of American Express in a research note on Thursday, April 5th. They issued a “buy” rating and a $110.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $104.12.
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About American Express
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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