Equities research analysts predict that American Express (NYSE:AXP) will report $8.58 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for American Express’ earnings, with the highest sales estimate coming in at $8.68 billion and the lowest estimate coming in at $8.47 billion. American Express posted sales of $7.89 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is scheduled to announce its next earnings results on Wednesday, April 18th.
On average, analysts expect that American Express will report full-year sales of $8.58 billion for the current fiscal year, with estimates ranging from $35.67 billion to $36.43 billion. For the next fiscal year, analysts anticipate that the business will post sales of $38.26 billion per share, with estimates ranging from $37.07 billion to $39.06 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow American Express.
American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. 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 firm earned $0.91 EPS. American Express’s revenue was up 10.2% on a year-over-year basis.
In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of the company’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 owns 1,178,333 shares in the company, valued at approximately $114,651,800.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now owns 100,790 shares in the company, valued at approximately $9,942,933.50. The disclosure for this sale can be found here. Insiders sold a total of 122,585 shares of company stock worth $11,973,047 in the last quarter. Corporate insiders own 0.67% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Certified Advisory Corp bought a new stake in shares of American Express during the 4th quarter valued at about $101,000. KCM Investment Advisors LLC boosted its position in shares of American Express by 4.3% during the 4th quarter. KCM Investment Advisors LLC now owns 17,688 shares of the payment services company’s stock valued at $1,757,000 after purchasing an additional 737 shares in the last quarter. Colonial Trust Advisors bought a new stake in shares of American Express during the 4th quarter valued at about $343,000. Xact Kapitalforvaltning AB boosted its position in shares of American Express by 6.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 137,731 shares of the payment services company’s stock valued at $13,678,000 after purchasing an additional 7,747 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of American Express by 15.8% during the 4th quarter. Handelsbanken Fonder AB now owns 220,000 shares of the payment services company’s stock valued at $21,848,000 after purchasing an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 84.13% of the company’s stock.
American Express (AXP) opened at $97.67 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06. American Express has a fifty-two week low of $75.51 and a fifty-two week high of $102.39. The company has a market capitalization of $84,780.00, a price-to-earnings ratio of 16.50, a PEG ratio of 1.35 and a beta of 1.16.
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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