American Express (NYSE:AXP) will release its earnings data before the market opens on Friday, July 19th. Analysts expect American Express to post earnings of $2.05 per share for the quarter. American Express has set its FY19 guidance at $7.85-8.35 EPS.
American Express (NYSE:AXP) last announced its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.46 billion. During the same period last year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect American Express to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE:AXP opened at $127.28 on Friday. American Express has a twelve month low of $89.05 and a twelve month high of $128.42. The firm has a market capitalization of $105.14 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a fifty day simple moving average of $121.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.23%. American Express’s dividend payout ratio (DPR) is presently 21.28%.
A number of brokerages have recently weighed in on AXP. William Blair restated an “outperform” rating on shares of American Express in a research note on Tuesday, June 18th. Wells Fargo & Co lifted their price objective on Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday. DZ Bank reiterated a “buy” rating on shares of CTS Eventim AG & Co KGaA in a research report on Thursday, March 21st. UBS Group initiated coverage on Molecular Templates in a research report on Monday, April 29th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Oppenheimer set a $119.00 price objective on American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and a consensus price target of $123.03.
In other news, CFO Jeffrey C. Campbell sold 6,500 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.93, for a total transaction of $799,045.00. Following the completion of the transaction, the chief financial officer now directly owns 68,379 shares in the company, valued at approximately $8,405,830.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laureen Seeger sold 44,584 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $119.25, for a total value of $5,316,642.00. Following the transaction, the insider now owns 80,375 shares of the company’s stock, valued at $9,584,718.75. The disclosure for this sale can be found here. Insiders have sold a total of 183,797 shares of company stock valued at $21,861,060 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.
About American Express
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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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