Brokerages Anticipate American Express (AXP) to Post $1.79 Earnings Per Share

Wall Street analysts expect American Express (NYSE:AXP) to report earnings of $1.79 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for American Express’ earnings, with estimates ranging from $1.76 to $1.84. American Express posted earnings of $1.58 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The company is scheduled to announce its next earnings report on Thursday, January 17th.

According to Zacks, analysts expect that American Express will report full year earnings of $7.38 per share for the current fiscal year, with EPS estimates ranging from $7.35 to $7.45. For the next financial year, analysts forecast that the company will post earnings of $8.20 per share, with EPS estimates ranging from $7.94 to $8.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover American Express.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.11. American Express had a net margin of 9.51% and a return on equity of 31.26%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the firm posted $1.50 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year.

A number of research analysts have recently weighed in on AXP shares. Nomura increased their target price on shares of American Express from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, October 19th. BMO Capital Markets increased their target price on shares of American Express from $106.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, October 19th. Stephens set a $131.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Saturday, October 20th. Morgan Stanley increased their target price on shares of American Express from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, October 19th. Finally, Wells Fargo & Co increased their target price on shares of American Express from $115.00 to $122.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $112.70.

American Express stock opened at $106.68 on Friday. American Express has a twelve month low of $87.54 and a twelve month high of $114.55. The company has a market cap of $91.95 billion, a PE ratio of 18.17, a P/E/G ratio of 1.39 and a beta of 1.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.58.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Friday, January 4th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, January 3rd. American Express’s payout ratio is currently 26.58%.

In related news, insider Marc D. Gordon sold 25,948 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the sale, the insider now directly owns 33,111 shares in the company, valued at approximately $3,570,359.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total transaction of $1,298,000.00. Following the sale, the chairman now owns 209,957 shares in the company, valued at $21,801,934.88. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group raised its position in shares of American Express by 6.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,949 shares of the payment services company’s stock valued at $634,000 after buying an additional 358 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of American Express by 0.3% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 191,199 shares of the payment services company’s stock valued at $20,361,000 after buying an additional 479 shares in the last quarter. BancorpSouth Bank raised its position in shares of American Express by 2.1% during the 3rd quarter. BancorpSouth Bank now owns 24,119 shares of the payment services company’s stock valued at $2,569,000 after buying an additional 490 shares in the last quarter. Signaturefd LLC raised its position in shares of American Express by 8.3% during the 3rd quarter. Signaturefd LLC now owns 6,407 shares of the payment services company’s stock valued at $682,000 after buying an additional 492 shares in the last quarter. Finally, Titus Wealth Management raised its position in shares of American Express by 22.5% during the 2nd quarter. Titus Wealth Management now owns 2,722 shares of the payment services company’s stock valued at $267,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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