American Express (AXP) Expected to Post Earnings of $1.81 Per Share

Equities research analysts predict that American Express (NYSE:AXP) will announce earnings per share of $1.81 for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for American Express’ earnings. The highest EPS estimate is $1.91 and the lowest is $1.67. American Express reported earnings of $1.47 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.1%. The company is expected to report its next earnings results on Wednesday, July 18th.

On average, analysts expect that American Express will report full year earnings of $7.23 per share for the current financial year, with EPS estimates ranging from $7.04 to $7.35. For the next year, analysts expect that the company will report earnings of $8.03 per share, with EPS estimates ranging from $7.45 to $8.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover American Express.

American Express (NYSE:AXP) last announced its earnings results on Wednesday, April 18th. The payment services company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.15. The firm had revenue of $9.72 billion during the quarter, compared to analysts’ expectations of $9.49 billion. American Express had a return on equity of 28.41% and a net margin of 8.79%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS.

A number of brokerages recently issued reports on AXP. TheStreet raised American Express from a “c+” rating to a “b+” rating in a research report on Wednesday, April 18th. Barclays upped their target price on American Express from $112.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, April 19th. Guggenheim reissued a “hold” rating and issued a $104.00 target price on shares of American Express in a research report on Thursday, April 19th. Royal Bank of Canada upped their target price on American Express to $86.00 and gave the company an “underperform” rating in a research report on Thursday, April 19th. Finally, Buckingham Research upped their target price on American Express from $110.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. American Express has a consensus rating of “Hold” and an average price target of $107.45.

Shares of American Express opened at $100.99 on Friday, according to MarketBeat. The stock has a market capitalization of $87.09 billion, a P/E ratio of 17.20, a PEG ratio of 1.37 and a beta of 1.13. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.67. American Express has a 52-week low of $75.98 and a 52-week high of $102.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Stockholders of record on Friday, July 6th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, July 5th. American Express’s dividend payout ratio (DPR) is 23.85%.

In other news, Vice Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $98.05, for a total transaction of $1,225,625.00. Following the completion of the transaction, the insider now directly owns 203,920 shares of the company’s stock, valued at approximately $19,994,356. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeffrey C. Campbell sold 9,000 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $98.05, for a total value of $882,450.00. Following the transaction, the chief financial officer now directly owns 79,978 shares of the company’s stock, valued at $7,841,842.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,252 shares of company stock valued at $5,800,027. Company insiders own 0.20% of the company’s stock.

Several hedge funds have recently modified their holdings of AXP. Certified Advisory Corp purchased a new position in shares of American Express during the 4th quarter worth approximately $101,000. Archford Capital Strategies LLC purchased a new position in shares of American Express during the 1st quarter worth approximately $123,000. Trustcore Financial Services LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $128,000. Private Ocean LLC raised its stake in shares of American Express by 14,070.0% during the 1st quarter. Private Ocean LLC now owns 1,417 shares of the payment services company’s stock worth $132,000 after buying an additional 1,407 shares in the last quarter. Finally, Delpha Capital Management LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $138,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for American Express (NYSE:AXP)

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