American Express logo” title=”American Express logo” class=”companylogo”/>Wall Street analysts expect American Express (NYSE:AXP) to announce earnings of $1.53 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for American Express‘ earnings. The lowest EPS estimate is $1.15 and the highest is $1.68. American Express reported earnings per share of $1.98 during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.7%. The company is expected to issue its next earnings results on Friday, April 23rd.
According to Zacks, analysts expect that American Express will report full-year earnings of $6.46 per share for the current financial year, with EPS estimates ranging from $5.75 to $7.02. For the next financial year, analysts expect that the company will post earnings of $9.02 per share, with EPS estimates ranging from $8.85 to $9.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover American Express.
American Express (NYSE:AXP) last issued its quarterly earnings results on Monday, January 25th. The payment services company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.50. American Express had a return on equity of 21.31% and a net margin of 8.84%. The business had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The company’s revenue was down 17.7% on a year-over-year basis.
A number of equities research analysts have recently weighed in on AXP shares. Moffett Nathanson started coverage on American Express in a research note on Monday, December 7th. They set a “buy” rating and a $155.00 price target on the stock. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Thursday, January 28th. Oppenheimer dropped their target price on American Express from $136.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 27th. UBS Group upgraded American Express from a “sell” rating to a “neutral” rating and upped their target price for the company from $90.00 to $116.00 in a research report on Tuesday, November 10th. Finally, Robert W. Baird lowered American Express from an “outperform” rating to a “neutral” rating and set a $126.00 target price on the stock. in a research report on Tuesday, February 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.92.
Hedge funds have recently made changes to their positions in the company. Clearview Wealth Advisors LLC acquired a new position in shares of American Express during the 4th quarter worth approximately $27,000. Hexavest Inc. acquired a new position in American Express in the 4th quarter valued at $29,000. Accel Wealth Management acquired a new position in American Express in the 4th quarter valued at $31,000. Annapolis Financial Services LLC acquired a new position in American Express in the 4th quarter valued at $33,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in American Express in the 4th quarter valued at $34,000. 83.54% of the stock is owned by institutional investors and hedge funds.
Shares of AXP stock opened at $135.26 on Monday. American Express has a fifty-two week low of $67.00 and a fifty-two week high of $140.95. The firm has a market capitalization of $108.96 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 3.27 and a beta of 1.36. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.47 and a current ratio of 1.47. The stock’s 50-day simple moving average is $125.38 and its 200-day simple moving average is $112.27.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 10th. Stockholders of record on Friday, January 8th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, January 7th. American Express‘s payout ratio is 20.98%.
About American Express
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.
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