American Express (NYSE:AXP) – Equities research analysts at William Blair reduced their Q1 2018 earnings per share estimates for American Express in a report issued on Monday, April 16th. William Blair analyst R. Napoli now forecasts that the payment services company will earn $1.73 per share for the quarter, down from their prior estimate of $1.77. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for American Express’ FY2020 earnings at $8.95 EPS.
Several other research firms also recently weighed in on AXP. Stephens set a $97.00 price objective on American Express and gave the company a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase downgraded American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Friday, January 12th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Thursday, January 11th. ValuEngine downgraded American Express from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Finally, Oppenheimer set a $117.00 price objective on American Express and gave the company a “buy” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $106.09.
NYSE AXP opened at $102.37 on Wednesday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. American Express has a twelve month low of $75.97 and a twelve month high of $102.96. The firm has a market cap of $80,745.77, a P/E ratio of 17.44, a PEG ratio of 1.28 and a beta of 1.14.
American Express (NYSE:AXP) last released its quarterly earnings data on Wednesday, April 18th. The payment services company reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.15. American Express had a return on equity of 26.00% and a net margin of 8.08%. The company had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $1.34 EPS. American Express’s revenue for the quarter was up 11.6% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of the stock. Certified Advisory Corp bought a new stake in American Express during the 4th quarter worth approximately $101,000. Trustcore Financial Services LLC bought a new stake in American Express during the 4th quarter worth approximately $128,000. Zions Bancorporation increased its holdings in American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after purchasing an additional 1,205 shares in the last quarter. Delpha Capital Management LLC bought a new stake in American Express during the 4th quarter worth approximately $138,000. Finally, Focused Wealth Management Inc bought a new stake in American Express during the 4th quarter worth approximately $139,000. 84.11% of the stock is owned by institutional investors and hedge funds.
In related news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, April 5th. American Express’s payout ratio is 23.85%.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/20/american-express-axp-expected-to-earn-q1-2018-earnings-of-1-73-per-share.html.
American Express Company Profile
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.
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.