Equities analysts forecast that American Express (NYSE:AXP) will report sales of $8.58 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for American Express’ earnings, with the lowest sales estimate coming in at $8.47 billion and the highest estimate coming in at $8.68 billion. American Express posted sales of $7.89 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The firm is scheduled to issue its next earnings results on Wednesday, April 18th.
According to Zacks, 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 financial year, analysts forecast that the company will post sales of $38.28 billion per share, with estimates ranging from $37.07 billion to $39.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover American Express.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.91 earnings per share. American Express’s revenue for the quarter was up 10.2% compared to the same quarter last year.
AXP has been the subject of a number of recent research reports. William Blair restated an “outperform” rating on shares of American Express in a research note on Friday. Credit Suisse Group restated a “hold” rating and issued a $94.00 target price on shares of American Express in a research note on Friday. Sandler O’Neill set a $109.00 target price on American Express and gave the company a “buy” rating in a research note on Thursday. Oppenheimer set a $117.00 target price on American Express and gave the company a “buy” rating in a research note on Tuesday. Finally, Stephens restated a “hold” rating on shares of American Express in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $103.89.
American Express (AXP) traded up $1.11 on Tuesday, hitting $95.50. The stock had a trading volume of 3,426,812 shares, compared to its average volume of 4,094,681. American Express has a 12 month low of $75.51 and a 12 month high of $102.39. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The company has a market capitalization of $81,322.16, a PE ratio of 32.95, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio (DPR) is currently 48.28%.
In other American Express news, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the transaction, the insider now owns 100,790 shares in the company, valued at $9,942,933.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.67% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Certified Advisory Corp acquired a new stake in American Express in the 4th quarter valued at approximately $101,000. Trustcore Financial Services LLC acquired a new position in shares of American Express during the 4th quarter worth approximately $128,000. Zions Bancorporation increased its position in shares of American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after purchasing an additional 1,205 shares during the last quarter. Delpha Capital Management LLC acquired a new position in shares of American Express during the 4th quarter worth approximately $138,000. Finally, Focused Wealth Management Inc acquired a new position in shares of American Express during the 4th quarter worth approximately $139,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.
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).
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