American Express Co. (AXP) to Release Quarterly Earnings on Wednesday
American Express Co. (NYSE:AXP) will release its Q316 earnings data on Wednesday, October 19th. Analysts expect American Express to post earnings of $0.96 per share and revenue of $7.70 billion for the quarter.
Shares of American Express Co. (NYSE:AXP) opened at 59.90 on Tuesday. The company has a market cap of $55.33 billion, a price-to-earnings ratio of 10.60 and a beta of 1.24. American Express Co. has a 12-month low of $50.27 and a 12-month high of $77.61. The company’s 50-day moving average is $63.73 and its 200-day moving average is $63.64.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.14%. This is an increase from American Express’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, October 5th. American Express’s dividend payout ratio is 22.54%.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/american-express-co-axp-to-release-quarterly-earnings-on-wednesday.html
Several analysts recently commented on AXP shares. Vetr raised shares of American Express from a “buy” rating to a “strong-buy” rating and set a $67.47 price objective on the stock in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of American Express in a report on Thursday, June 30th. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of American Express in a report on Tuesday, July 5th. DA Davidson reaffirmed a “neutral” rating and set a $66.00 price target on shares of American Express in a report on Friday, July 8th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and set a $65.00 price target on shares of American Express in a report on Sunday, July 10th. Nine investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.88.
Hedge funds have recently modified their holdings of the stock. Mycio Wealth Partners LLC raised its stake in shares of American Express by 4.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,638 shares of the payment services company’s stock worth $100,000 after buying an additional 65 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in American Express by 2.3% in the second quarter. Segall Bryant & Hamill LLC now owns 3,701 shares of the payment services company’s stock valued at $225,000 after buying an additional 84 shares during the last quarter. Blume Capital Management Inc. increased its stake in American Express by 15.5% in the second quarter. Blume Capital Management Inc. now owns 1,733 shares of the payment services company’s stock valued at $105,000 after buying an additional 233 shares during the last quarter. Azimuth Capital Management LLC increased its stake in American Express by 2.0% in the second quarter. Azimuth Capital Management LLC now owns 14,015 shares of the payment services company’s stock valued at $852,000 after buying an additional 270 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in American Express by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 16,526 shares of the payment services company’s stock valued at $1,004,000 after buying an additional 332 shares during the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.
About American Express
American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
Receive News & Ratings for American Express Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express Co. and related companies with MarketBeat.com's FREE daily email newsletter.