American Express (AXP) Set to Announce Quarterly Earnings on Wednesday
American Express (NYSE:AXP) is scheduled to announce its Q114 earnings results on Wednesday, October 16th. Analysts expect the company to announce earnings of $1.22 per share and revenue of $8.22 billion for the quarter.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.05. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect American Express to post $4.87 EPS for the current fiscal year and $5.36 EPS for the next fiscal year.
Shares of American Express (NYSE:AXP) opened at 76.07 on Tuesday. American Express has a 52 week low of $53.02 and a 52 week high of $78.63. The stock has a 50-day moving average of $74.62 and a 200-day moving average of $73.26. The company has a market cap of $82.916 billion and a price-to-earnings ratio of 18.67.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 4th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, October 2nd.
A number of analysts have recently weighed in on AXP shares. Analysts at Buckingham Research upgraded shares of American Express from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $85.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of American Express in a research note to investors on Wednesday, September 11th. They now have a $78.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Monday, September 9th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. American Express presently has an average rating of “Hold” and an average price target of $73.90.
American Express Company (NYSE:AXP) is a global service company.
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