Brokerages expect that American Express (NYSE:AXP) will report sales of $8.58 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued 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 during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is expected to issue its next quarterly earnings results on Wednesday, April 18th.
On average, 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 year, analysts forecast that the firm will post sales of $38.26 billion per share, with estimates ranging from $37.07 billion to $39.06 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow 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 Zacks’ 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 business had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis.
In related news, CEO Kenneth I. Chenault sold 96,440 shares of American Express stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the sale, the insider now directly owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. Insiders have sold 122,585 shares of company stock valued at $11,973,047 in the last three months. 0.67% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in American Express by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock valued at $12,948,000 after purchasing an additional 6,709 shares in the last quarter. Westpac Banking Corp raised its position in American Express by 2.2% during the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after purchasing an additional 5,252 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in American Express during the third quarter valued at about $5,505,000. Shelton Capital Management purchased a new stake in American Express during the second quarter valued at about $670,000. Finally, Schroder Investment Management Group raised its position in American Express by 17.5% during the third quarter. Schroder Investment Management Group now owns 1,416,401 shares of the payment services company’s stock valued at $127,674,000 after purchasing an additional 211,304 shares in the last quarter. 84.13% of the stock is owned by institutional investors.
Shares of American Express (NYSE:AXP) opened at $97.67 on Tuesday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.93 and a quick ratio of 1.93. American Express has a 52-week low of $75.51 and a 52-week high of $102.39. The stock has a market capitalization of $84,780.00, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16.
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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