American Express Company Expected to Post Q4 2018 Earnings of $1.79 Per Share (AXP)

American Express Company (NYSE:AXP) – Investment analysts at William Blair raised their Q4 2018 EPS estimates for American Express in a report issued on Friday. William Blair analyst R. Napoli now forecasts that the payment services company will post earnings per share of $1.79 for the quarter, up from their prior estimate of $1.75. William Blair also issued estimates for American Express’ Q1 2019 earnings at $1.90 EPS, Q2 2019 earnings at $1.97 EPS, Q3 2019 earnings at $1.95 EPS and Q4 2019 earnings at $2.03 EPS.

American Express (NYSE:AXP) last released 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. American Express had a net margin of 8.08% and a return on equity of 26.07%. The company had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis.

A number of other analysts have also recently commented on AXP. Sandler O’Neill reissued a “buy” rating on shares of American Express in a research note on Wednesday, January 17th. Guggenheim cut shares of American Express from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $98.03 to $102.00 in a research note on Monday. Barclays boosted their target price on shares of American Express from $112.00 to $119.00 in a research note on Friday. Piper Jaffray Companies reissued a “hold” rating and set a $126.00 target price on shares of American Express in a research note on Thursday. Finally, Oppenheimer set a $117.00 price objective on shares of American Express and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company’s stock. American Express currently has an average rating of “Hold” and a consensus target price of $101.08.

American Express (AXP) traded down $1.83 during mid-day trading on Monday, hitting $98.03. 12,304,601 shares of the stock were exchanged, compared to its average volume of 3,877,300. The stock has a market capitalization of $84,940.00, a PE ratio of 32.79, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11. American Express has a twelve month low of $75.39 and a twelve month high of $102.39.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a $0.35 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.43%. American Express’s payout ratio is 46.82%.

In other American Express news, insider James Peter Bush sold 12,789 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the transaction, the insider now directly owns 92,504 shares in the company, valued at approximately $9,199,522.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth I. Chenault sold 96,440 shares of the company’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 completion of the transaction, the chief executive officer now owns 1,178,333 shares in the company, valued at $114,651,800.90. The disclosure for this sale can be found here. Insiders sold a total of 442,869 shares of company stock worth $42,823,869 over the last quarter. 0.67% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of AXP. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after buying an additional 300 shares during the period. Zions Bancorporation increased its stake in American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after buying an additional 1,205 shares during the period. Capital Analysts LLC purchased a new stake in American Express during the 2nd quarter worth approximately $115,000. MV Capital Management Inc. increased its stake in American Express by 3.5% during the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares during the period. Finally, Westside Investment Management Inc. increased its stake in American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 83.45% 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).

Earnings History and Estimates for American Express (NYSE:AXP)

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