$10.82 Billion in Sales Expected for American Express (AXP) This Quarter

Equities research analysts expect that American Express (NYSE:AXP) will announce sales of $10.82 billion for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for American Express’ earnings. The lowest sales estimate is $10.75 billion and the highest is $10.91 billion. American Express reported sales of $10.00 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is scheduled to report its next earnings report on Wednesday, July 17th.

On average, analysts expect that American Express will report full-year sales of $43.59 billion for the current year, with estimates ranging from $43.36 billion to $43.90 billion. For the next year, analysts forecast that the firm will report sales of $47.06 billion, with estimates ranging from $46.08 billion to $48.11 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover American Express.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year.

A number of analysts recently weighed in on AXP shares. Zacks Investment Research downgraded American Express from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Credit Suisse Group restated a “hold” rating and issued a $93.00 price objective on shares of American Express in a research report on Friday, January 18th. Bank of America set a $108.00 price objective on American Express and gave the company a “hold” rating in a research report on Friday, January 18th. Atlantic Securities upgraded American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective on the stock in a research report on Tuesday, January 29th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $125.00 price objective (up from $115.00) on shares of American Express in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $116.63.

Shares of American Express stock traded up $0.78 during trading on Friday, reaching $117.79. The company’s stock had a trading volume of 180,086 shares, compared to its average volume of 3,243,553. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.88 and a quick ratio of 1.88. American Express has a 12-month low of $89.05 and a 12-month high of $119.65. The company has a market cap of $96.79 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.56 annualized dividend and a yield of 1.32%. American Express’s payout ratio is currently 21.28%.

In related news, insider Michael John O’neill sold 15,749 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total value of $1,794,441.06. Following the completion of the transaction, the insider now directly owns 69,941 shares in the company, valued at $7,969,077.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Petrino sold 2,444 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $107.11, for a total value of $261,776.84. Following the completion of the transaction, the executive vice president now owns 7,591 shares of the company’s stock, valued at $813,072.01. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Camarda Financial Advisors LLC acquired a new stake in shares of American Express in the first quarter worth $26,000. Creative Financial Designs Inc. ADV purchased a new stake in American Express during the 1st quarter valued at $28,000. Pearl River Capital LLC purchased a new stake in American Express during the 4th quarter valued at $25,000. JNBA Financial Advisors purchased a new stake in American Express during the 4th quarter valued at $26,000. Finally, TCG Advisors LP purchased a new stake in American Express during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.

American Express Company Profile

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

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