American Express (NYSE:AXP) Releases FY19 Earnings Guidance

American Express (NYSE:AXP) updated its FY19 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $7.85-8.35 for the period, compared to the Thomson Reuters consensus estimate of $8.09. The company issued revenue guidance of +8-10% yr/yr to ~$43.6-44.4 billion, compared to the consensus revenue estimate of $43.57 billion.American Express also updated its FY 2019 guidance to $7.85-8.35 EPS.

Several equities analysts have commented on the company. Oppenheimer set a $119.00 target price on American Express and gave the company a buy rating in a research report on Wednesday, April 17th. UBS Group assumed coverage on Molecular Templates in a research report on Monday, April 29th. They issued a buy rating and a $12.00 target price for the company. William Blair reiterated an outperform rating on shares of American Express in a research report on Tuesday, June 18th. Wells Fargo & Co increased their target price on Apollo Global Management from $38.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, July 10th. Finally, Morgan Stanley set a $226.00 target price on S&P Global and gave the company a hold rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $123.03.

American Express stock traded down $3.58 during mid-day trading on Friday, reaching $124.82. The stock had a trading volume of 7,814,122 shares, compared to its average volume of 2,890,161. 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 fifty-two week low of $89.05 and a fifty-two week high of $129.34. The company has a 50-day simple moving average of $123.42. The stock has a market cap of $107.22 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.48 and a beta of 1.07.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.02. American Express had a return on equity of 29.86% and a net margin of 16.60%. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that American Express will post 8.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.25%. American Express’s dividend payout ratio (DPR) is presently 21.28%.

In other news, CFO Jeffrey C. Campbell sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.93, for a total value of $799,045.00. Following the transaction, the chief financial officer now owns 68,379 shares in the company, valued at $8,405,830.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Stephen J. Squeri sold 101,964 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $119.95, for a total value of $12,230,581.80. Following the completion of the transaction, the chairman now owns 258,948 shares in the company, valued at approximately $31,060,812.60. The disclosure for this sale can be found here. Insiders sold 183,797 shares of company stock valued at $21,861,060 in the last three months. Insiders own 0.21% of the company’s stock.

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 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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