Wall Street analysts expect American Express (NYSE:AXP) to post earnings of $1.82 per share for the current quarter, Zacks reports. Seven analysts have made 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 23.8%. The firm 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 $7.20 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.35. For the next fiscal year, analysts forecast that the business will post earnings of $8.03 per share, with EPS estimates ranging from $7.45 to $8.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover American Express.
American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, April 18th. The payment services company reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.15. The firm had revenue of $9.72 billion during the quarter, compared to analyst estimates of $9.49 billion. American Express had a return on equity of 28.27% and a net margin of 8.79%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share.
In other American Express news, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now owns 100,790 shares of the company’s stock, valued at $9,942,933.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake in American Express by 4.9% in the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock worth $12,948,000 after purchasing an additional 6,709 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of 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 acquiring an additional 211,304 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of American Express by 8.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,420 shares of the payment services company’s stock valued at $3,750,000 after acquiring an additional 3,399 shares in the last quarter. Hennessy Advisors Inc. raised its stake in shares of American Express by 13.3% during the fourth quarter. Hennessy Advisors Inc. now owns 17,000 shares of the payment services company’s stock valued at $1,688,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of American Express by 19.3% during the third quarter. Russell Investments Group Ltd. now owns 1,264,770 shares of the payment services company’s stock valued at $114,398,000 after acquiring an additional 204,946 shares in the last quarter. 84.11% of the stock is owned by institutional investors and hedge funds.
Shares of American Express stock traded down $1.58 during trading on Friday, reaching $100.79. 5,614,638 shares of the stock traded hands, compared to its average volume of 4,010,457. The firm has a market cap of $88,066.74, a price-to-earnings ratio of 17.17, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 1.93, a current ratio of 2.57 and a debt-to-equity ratio of 2.60. American Express has a 52-week low of $75.97 and a 52-week high of $102.96.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 5th. American Express’s payout ratio is currently 23.85%.
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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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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