American Express Company Forecasted to Earn Q1 2019 Earnings of $2.08 Per Share (AXP)

American Express Company (NYSE:AXP) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings per share (EPS) estimates for shares of American Express in a report issued on Friday. Jefferies Group analyst J. Hecht forecasts that the payment services company will earn $2.08 per share for the quarter. Jefferies Group has a “Hold” rating and a $93.35 price objective on the stock. Jefferies Group also issued estimates for American Express’ Q2 2019 earnings at $2.01 EPS, Q3 2019 earnings at $1.95 EPS, Q4 2019 earnings at $1.96 EPS and FY2019 earnings at $8.00 EPS.

American Express (NYSE:AXP) last announced its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The business had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Guggenheim lowered American Express from a “buy” rating to a “neutral” rating and increased their price target for the company from $98.03 to $102.00 in a research report on Monday. Bank of America increased their price target on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Wednesday, November 1st. Royal Bank of Canada increased their price target on American Express to $68.00 and gave the company an “underperform” rating in a research report on Thursday, October 19th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $98.00 price target on shares of American Express in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $101.08.

American Express (NYSE AXP) traded down $1.83 during trading hours on Monday, hitting $98.03. The company had a trading volume of 12,304,601 shares, compared to its average volume of 3,877,300. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90. American Express has a fifty-two week low of $75.39 and a fifty-two week high of $102.39. The firm has a market cap of $84,660.00, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of American Express by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock valued at $4,231,710,000 after acquiring an additional 731,428 shares during the last quarter. BlackRock Inc. increased its holdings in shares of American Express by 1.1% during the 2nd quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock valued at $3,764,339,000 after acquiring an additional 508,030 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of American Express by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock valued at $1,376,719,000 after acquiring an additional 103,546 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of American Express by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 11,547,390 shares of the payment services company’s stock valued at $1,044,577,000 after acquiring an additional 300,042 shares during the last quarter. Finally, Veritas Asset Management LLP increased its holdings in shares of American Express by 7.1% during the 3rd quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock valued at $998,602,000 after acquiring an additional 735,952 shares during the last quarter. 83.45% of the stock is owned by institutional investors.

In other news, insider Susan Sobbott sold 5,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $94.34, for a total transaction of $518,870.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth I. Chenault sold 96,440 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the sale, the chief executive officer now directly 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. Insiders have sold a total of 442,869 shares of company stock valued at $42,823,869 over the last ninety days. Company insiders own 0.67% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 46.82%.

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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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