Analysts expect that American Express (NYSE:AXP) will announce $10.85 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for American Express’ earnings, with estimates ranging from $10.79 billion to $10.90 billion. American Express posted sales of $10.00 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 17th.
According to Zacks, analysts expect that American Express will report full year sales of $43.63 billion for the current fiscal year, with estimates ranging from $43.16 billion to $43.90 billion. For the next financial year, analysts forecast that the company will post sales of $46.79 billion, with estimates ranging from $45.68 billion to $47.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover American Express.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 18th. The payment services company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.01. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. American Express had a return on equity of 29.94% and a net margin of 16.60%. American Express’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 EPS.
Several research firms have recently weighed in on AXP. Oppenheimer set a $119.00 target price on shares of American Express and gave the company a “buy” rating in a report on Wednesday. DZ Bank downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Bank of America reissued a “neutral” rating and set a $108.00 target price on shares of American Express in a research report on Thursday, March 14th. Wells Fargo & Co reissued a “buy” rating and set a $125.00 target price (up from $115.00) on shares of American Express in a research report on Tuesday, March 12th. Finally, Atlantic Securities raised shares of American Express from a “neutral” rating to an “overweight” rating and set a $100.80 target price for the company in a research report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $112.13.
In related news, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $103.02, for a total transaction of $1,287,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard Petrino sold 2,444 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $107.11, for a total transaction of $261,776.84. Following the sale, the executive vice president now directly owns 7,591 shares in the company, valued at approximately $813,072.01. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Pearl River Capital LLC bought a new stake in shares of American Express in the 4th quarter worth $25,000. JNBA Financial Advisors purchased a new stake in shares of American Express during the 4th quarter valued at $26,000. Clarfeld Financial Advisors LLC purchased a new position in shares of American Express during the fourth quarter valued at approximately $31,000. Capital Investment Advisory Services LLC purchased a new position in shares of American Express during the fourth quarter valued at approximately $37,000. Finally, Vigilant Capital Management LLC purchased a new stake in American Express during the fourth quarter valued at approximately $38,000. 84.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:AXP traded up $1.91 during trading on Thursday, hitting $113.67. 6,186,823 shares of the stock traded hands, compared to its average volume of 3,571,266. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.24 and a quick ratio of 1.93. The firm has a market cap of $95.87 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. American Express has a 52-week low of $89.05 and a 52-week high of $114.55.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is presently 21.28%.
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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