American Express Company Expected to Earn Q1 2018 Earnings of $1.73 Per Share (AXP)

American Express Company (NYSE:AXP) – Investment analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of American Express in a research report issued to clients and investors on Tuesday. Oppenheimer analyst B. Chittenden anticipates that the payment services company will post earnings of $1.73 per share for the quarter. Oppenheimer currently has a “Buy” rating and a $99.00 target price on the stock.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share.

Several other equities analysts have also commented on AXP. Morgan Stanley dropped their price target on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Monday, September 11th. Buckingham Research started coverage on shares of American Express in a research note on Monday, October 2nd. They issued a “neutral” rating and a $92.00 price target on the stock. Credit Suisse Group reiterated a “sell” rating and issued a $79.00 price target on shares of American Express in a research note on Wednesday, October 4th. Finally, Bank of America reiterated a “buy” rating and issued a $102.00 price target on shares of American Express in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and an average price target of $96.68.

Shares of American Express (NYSE:AXP) traded up $1.30 during trading on Thursday, reaching $100.85. 3,122,000 shares of the company’s stock traded hands, compared to its average volume of 2,948,333. The stock has a market capitalization of $87,620.00, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.49 and a beta of 1.22. American Express has a one year low of $74.82 and a one year high of $101.65. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio is presently 27.03%.

In other American Express news, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the sale, the insider now owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Linda Zukauckas sold 3,196 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $95.42, for a total value of $304,962.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 442,869 shares of company stock valued at $42,823,869. Corporate insiders own 0.67% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AXP. Appleton Partners Inc. MA raised its stake in shares of American Express by 0.3% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock worth $224,000 after buying an additional 8 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of American Express by 0.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock worth $223,000 after buying an additional 11 shares during the last quarter. Bath Savings Trust Co raised its stake in shares of American Express by 0.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock worth $369,000 after buying an additional 14 shares during the last quarter. Finally, Dearborn Partners LLC raised its stake in shares of American Express by 0.6% during the 2nd quarter. Dearborn Partners LLC now owns 2,861 shares of the payment services company’s stock worth $241,000 after buying an additional 18 shares during the last quarter. 83.35% of the stock is owned by institutional investors.

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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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