American Express Company (AXP) Releases FY17 Earnings Guidance

American Express Company (NYSE:AXP) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.80-5.90 for the period, compared to the Thomson Reuters consensus estimate of $5.74.

Shares of American Express Company (AXP) traded up 0.43% during mid-day trading on Wednesday, reaching $92.08. The company’s stock had a trading volume of 4,620,806 shares. The company’s 50-day moving average is $88.38 and its 200-day moving average is $83.14. The stock has a market capitalization of $81.40 billion, a price-to-earnings ratio of 18.88 and a beta of 1.21. American Express Company has a 52 week low of $59.78 and a 52 week high of $92.92.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, July 19th. The payment services company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.03. The company had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 earnings per share. Equities analysts predict that American Express Company will post $5.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. This is a positive change from American Express’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. American Express’s dividend payout ratio (DPR) is presently 28.63%.

American Express declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to buyback $4.40 billion in outstanding shares. This buyback authorization permits the payment services company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Several brokerages have issued reports on AXP. BidaskClub raised American Express from a sell rating to a hold rating in a report on Tuesday, August 8th. Buckingham Research assumed coverage on American Express in a report on Monday, October 2nd. They set a neutral rating and a $92.00 price target on the stock. Zacks Investment Research raised American Express from a hold rating to a buy rating and set a $96.00 price target on the stock in a report on Tuesday, August 29th. Instinet reissued an underperform rating and set a $80.00 price target on shares of American Express in a report on Thursday, June 29th. Finally, Bank of America Corporation reissued a buy rating and set a $102.00 price target on shares of American Express in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $87.69.

In other news, Vice Chairman Stephen J. Squeri sold 94,792 shares of American Express stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $85.41, for a total transaction of $8,096,184.72. Following the completion of the sale, the insider now directly owns 261,665 shares in the company, valued at approximately $22,348,807.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of American Express stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $84.39, for a total transaction of $506,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,617 shares of company stock valued at $81,377,425. Insiders own 0.67% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “American Express Company (AXP) Releases FY17 Earnings Guidance” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/american-express-company-axp-releases-fy17-earnings-guidance.html.

American Express Company Profile

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 Ser

Shares of American Express Company (AXP) traded up 0.43% during mid-day trading on Wednesday, reaching $92.08. The company’s stock had a trading volume of 4,620,806 shares. The company’s 50-day moving average is $88.38 and its 200-day moving average is $83.14. The stock has a market capitalization of $81.40 billion, a price-to-earnings ratio of 18.88 and a beta of 1.21. American Express Company has a 52 week low of $59.78 and a 52 week high of $92.92.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, July 19th. The payment services company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.03. The company had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 earnings per share. Equities analysts predict that American Express Company will post $5.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. This is a positive change from American Express’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. American Express’s dividend payout ratio (DPR) is presently 28.63%.

American Express declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to buyback $4.40 billion in outstanding shares. This buyback authorization permits the payment services company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Several brokerages have issued reports on AXP. BidaskClub raised American Express from a sell rating to a hold rating in a report on Tuesday, August 8th. Buckingham Research assumed coverage on American Express in a report on Monday, October 2nd. They set a neutral rating and a $92.00 price target on the stock. Zacks Investment Research raised American Express from a hold rating to a buy rating and set a $96.00 price target on the stock in a report on Tuesday, August 29th. Instinet reissued an underperform rating and set a $80.00 price target on shares of American Express in a report on Thursday, June 29th. Finally, Bank of America Corporation reissued a buy rating and set a $102.00 price target on shares of American Express in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $87.69.

In other news, Vice Chairman Stephen J. Squeri sold 94,792 shares of American Express stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $85.41, for a total transaction of $8,096,184.72. Following the completion of the sale, the insider now directly owns 261,665 shares in the company, valued at approximately $22,348,807.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of American Express stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $84.39, for a total transaction of $506,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,617 shares of company stock valued at $81,377,425. Insiders own 0.67% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “American Express Company (AXP) Releases FY17 Earnings Guidance” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/18/american-express-company-axp-releases-fy17-earnings-guidance.html.

American Express Company Profile

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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