$1.66 EPS Expected for American Express Company (AXP) This Quarter

Equities analysts expect American Express Company (NYSE:AXP) to announce $1.66 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Express’ earnings. The lowest EPS estimate is $1.45 and the highest is $1.83. American Express posted earnings per share of $1.34 during the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The company is scheduled to issue its next earnings results on Wednesday, April 18th.

On average, analysts expect that American Express will report full-year earnings of $6.96 per share for the current fiscal year, with EPS estimates ranging from $6.27 to $7.60. For the next year, analysts anticipate that the firm will post earnings of $7.77 per share, with EPS estimates ranging from $6.95 to $8.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover American Express.

American Express (NYSE:AXP) last released its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.04. The company had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. American Express’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS.

AXP has been the subject of several recent analyst reports. Barclays upped their price objective on American Express from $112.00 to $119.00 in a research report on Friday. Bank of America restated a “buy” rating and set a $102.00 price objective on shares of American Express in a research report on Monday, October 9th. Oppenheimer set a $99.00 price objective on American Express and gave the stock a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $116.00 price objective on shares of American Express in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. American Express currently has an average rating of “Hold” and a consensus price target of $100.80.

In other news, insider James Peter Bush sold 12,789 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the transaction, the insider now directly owns 92,504 shares in the company, valued at $9,199,522.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The disclosure for this sale can be found here. Insiders sold 442,869 shares of company stock valued at $42,823,869 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of American Express by 1.5% during the second quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock worth $4,231,710,000 after acquiring an additional 731,428 shares during the last quarter. BlackRock Inc. raised its position in shares of American Express by 1.1% during the second quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock worth $3,764,339,000 after acquiring an additional 508,030 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of American Express by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock worth $1,376,719,000 after acquiring an additional 103,546 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of American Express by 2.7% during the third quarter. Fisher Asset Management LLC now owns 11,547,390 shares of the payment services company’s stock worth $1,044,577,000 after acquiring an additional 300,042 shares during the last quarter. Finally, Veritas Asset Management LLP raised its position in shares of American Express by 7.1% during the third quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock worth $998,602,000 after acquiring an additional 735,952 shares during the last quarter. Institutional investors own 83.36% of the company’s stock.

American Express (AXP) traded down $1.83 on Friday, hitting $98.03. The stock had a trading volume of 12,292,342 shares, compared to its average volume of 3,170,000. The firm has a market cap of $85,090.00, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.44 and a beta of 1.22. American Express has a 12 month low of $75.39 and a 12 month high of $102.39. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.43%. American Express’s dividend payout ratio is presently 27.03%.

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About American Express

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

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