American Express logo” title=”American Express logo” class=”companylogo”/>Equities analysts expect American Express (NYSE:AXP) to report earnings of $1.52 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for American Express‘ earnings. The highest EPS estimate is $1.68 and the lowest is $1.15. American Express reported earnings of $1.98 per share during the same quarter last year, which indicates a negative year over year growth rate of 23.2%. The firm is scheduled to report its next quarterly earnings results on Friday, April 23rd.
According to Zacks, analysts expect that American Express will report full-year earnings of $6.41 per share for the current fiscal year, with EPS estimates ranging from $5.64 to $7.00. For the next year, analysts expect that the firm will post earnings of $9.03 per share, with EPS estimates ranging from $8.85 to $9.53. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for American Express.
American Express (NYSE:AXP) last announced its quarterly earnings results on Monday, January 25th. The payment services company reported $1.76 EPS 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 analysts’ expectations of $9.32 billion. During the same period in the previous year, the firm earned $2.03 EPS. The business’s quarterly revenue was down 17.7% on a year-over-year basis.
Several equities analysts have recently issued reports 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 target price on the stock. UBS Group raised American Express from a “sell” rating to a “neutral” rating and boosted their target price for the company from $90.00 to $116.00 in a research note on Tuesday, November 10th. JPMorgan Chase & Co. raised American Express from an “underweight” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Tuesday, January 19th. Credit Suisse Group reduced their target price on American Express from $120.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 27th. Finally, TheStreet raised American Express from a “c” rating to a “b-” rating in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $119.38.
In other news, insider Anna Marrs sold 2,064 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $119.56, for a total transaction of $246,771.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Baxter Bros Inc. lifted its holdings in American Express by 2.3% in the fourth quarter. Baxter Bros Inc. now owns 69,901 shares of the payment services company’s stock valued at $8,452,000 after acquiring an additional 1,569 shares during the period. KCS Wealth Advisory lifted its holdings in American Express by 5.1% in the fourth quarter. KCS Wealth Advisory now owns 5,664 shares of the payment services company’s stock valued at $685,000 after acquiring an additional 276 shares during the period. Hills Bank & Trust Co lifted its holdings in American Express by 2.7% in the fourth quarter. Hills Bank & Trust Co now owns 4,133 shares of the payment services company’s stock valued at $500,000 after acquiring an additional 110 shares during the period. Redpoint Investment Management Pty Ltd lifted its holdings in American Express by 5.2% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 18,719 shares of the payment services company’s stock valued at $2,263,000 after acquiring an additional 928 shares during the period. Finally, RPG Investment Advisory LLC bought a new position in American Express in the fourth quarter valued at about $4,476,000. 83.54% of the stock is currently owned by institutional investors.
AXP opened at $126.28 on Monday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.47 and a current ratio of 1.47. American Express has a 52-week low of $67.00 and a 52-week high of $138.04. The stock has a market capitalization of $101.68 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.27 and a beta of 1.36. The stock’s 50 day moving average price is $120.37 and its 200-day moving average price is $108.64.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 10th. Stockholders of record on Friday, January 8th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, January 7th. American Express‘s payout ratio is currently 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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