American Express Company (AXP) Expected to Announce Earnings of $1.66 Per Share
Equities research analysts predict that American Express Company (NYSE:AXP) will report earnings per share of $1.66 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for American Express’ earnings, with the highest EPS estimate coming in at $1.83 and the lowest estimate coming in at $1.45. American Express posted earnings of $1.34 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.9%. The business is scheduled to announce its next earnings report on Wednesday, April 18th.
On average, analysts expect that American Express will report full-year earnings of $6.96 per share for the current financial year, with EPS estimates ranging from $6.27 to $7.60. For the next year, analysts forecast that the firm will post earnings of $7.77 per share, with EPS estimates ranging from $6.95 to $8.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Express.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. The business had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share.
American Express (NYSE AXP) traded down $1.83 during trading hours on Friday, hitting $98.03. 12,292,342 shares of the stock were exchanged, compared to its average volume of 3,170,000. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $85,090.00, a price-to-earnings ratio of 18.92, a PEG ratio of 1.44 and a beta of 1.22. American Express has a twelve month low of $75.39 and a twelve month high of $102.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.43%. American Express’s dividend payout ratio is currently 27.03%.
In other American Express news, insider Anre D. Williams sold 30,761 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the sale, the insider now directly owns 28,720 shares in the company, valued at $2,682,735.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXP. Advisors Asset Management Inc. boosted its stake in shares of American Express by 4.9% in the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock valued at $12,948,000 after purchasing an additional 6,709 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of American Express by 10.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock valued at $478,000 after purchasing an additional 554 shares during the period. Westpac Banking Corp boosted its stake in shares of American Express by 2.2% in the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after purchasing an additional 5,252 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of American Express in the third quarter valued at $5,505,000. Finally, Shelton Capital Management purchased a new position in shares of American Express in the second quarter valued at $670,000. Institutional investors own 83.36% of the company’s stock.
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About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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