American Express (AXP) Expected to Earn Q1 2018 Earnings of $1.73 Per Share

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%.

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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.

Earnings History and Estimates for American Express (NYSE:AXP)

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