Analysts expect that American Express (NYSE:AXP) will announce $1.82 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have provided estimates for American Express’ earnings, with the highest EPS estimate coming in at $1.91 and the lowest estimate coming in at $1.67. American Express posted earnings per share of $1.47 in the same quarter last year, which would indicate a positive year over year growth rate of 23.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that American Express will report full-year earnings of $7.24 per share for the current year, with EPS estimates ranging from $7.09 to $7.35. For the next financial year, analysts expect that the business will post earnings of $8.06 per share, with EPS estimates ranging from $7.45 to $8.45. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow American Express.
American Express (NYSE:AXP) last posted its earnings results on Wednesday, April 18th. The payment services company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.15. The firm had revenue of $9.72 billion during the quarter, compared to analyst estimates of $9.49 billion. American Express had a net margin of 8.79% and a return on equity of 28.41%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS.
Several equities analysts have recently weighed in on the stock. TheStreet raised shares of American Express from a “c+” rating to a “b+” rating in a report on Wednesday, April 18th. Oppenheimer set a $117.00 target price on shares of American Express and gave the company a “buy” rating in a report on Tuesday, March 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of American Express in a report on Thursday, April 19th. Sandler O’Neill set a $109.00 target price on shares of American Express and gave the company a “buy” rating in a report on Thursday, March 15th. Finally, Buckingham Research lifted their target price on shares of American Express from $110.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $107.45.
Shares of American Express traded down $0.91, hitting $101.10, during trading on Friday, MarketBeat reports. 1,850,732 shares of the stock traded hands, compared to its average volume of 2,689,336. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $87.77 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. American Express has a 52-week low of $75.98 and a 52-week high of $103.24.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Friday, July 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.40 annualized dividend and a yield of 1.38%. American Express’s dividend payout ratio (DPR) is presently 23.85%.
In other American Express news, Vice Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $98.05, for a total transaction of $1,225,625.00. Following the sale, the insider now owns 203,920 shares of the company’s stock, valued at approximately $19,994,356. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider L Kevin Cox sold 33,777 shares of American Express stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $100.54, for a total transaction of $3,395,939.58. Following the sale, the insider now directly owns 19,249 shares in the company, valued at approximately $1,935,294.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,132 shares of company stock worth $6,816,580. 0.20% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Hennessy Advisors Inc. boosted its position in shares of American Express by 13.3% during the 4th quarter. Hennessy Advisors Inc. now owns 17,000 shares of the payment services company’s stock valued at $1,688,000 after acquiring an additional 2,000 shares during the last quarter. Ellington Management Group LLC acquired a new position in shares of American Express during the 4th quarter valued at about $238,000. Brown Advisory Inc. boosted its position in shares of American Express by 32.1% during the 4th quarter. Brown Advisory Inc. now owns 299,622 shares of the payment services company’s stock valued at $29,757,000 after acquiring an additional 72,859 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of American Express by 7.6% during the 4th quarter. Victory Capital Management Inc. now owns 45,889 shares of the payment services company’s stock valued at $4,557,000 after acquiring an additional 3,231 shares during the last quarter. Finally, American International Group Inc. boosted its position in shares of American Express by 1.3% during the 4th quarter. American International Group Inc. now owns 295,442 shares of the payment services company’s stock valued at $29,340,000 after acquiring an additional 3,713 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors.
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.
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