American Express (NYSE:AXP) to Post Q1 2020 Earnings of $2.30 Per Share, William Blair Forecasts

American Express (NYSE:AXP) – Equities researchers at William Blair cut their Q1 2020 earnings estimates for American Express in a research note issued to investors on Friday, October 18th. William Blair analyst R. Napoli now expects that the payment services company will earn $2.30 per share for the quarter, down from their previous estimate of $2.32. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for American Express’ Q3 2020 earnings at $2.31 EPS.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.01. The firm had revenue of $10.99 billion for the quarter, compared to the consensus estimate of $10.94 billion. American Express had a return on equity of 29.69% and a net margin of 16.51%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS.

A number of other equities research analysts have also recently commented on the company. Cfra reiterated a “hold” rating on shares of American Express in a research note on Friday, October 18th. ValuEngine cut American Express from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price target on American Express from $120.00 to $125.00 and gave the company a “sector perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. Oppenheimer set a $127.00 price target on American Express and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. set a $122.00 price target on American Express and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $124.56.

American Express stock opened at $118.61 on Monday. The stock has a 50-day moving average of $117.44 and a two-hundred day moving average of $119.82. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.84 and a current ratio of 2.12. American Express has a one year low of $89.05 and a one year high of $129.34. The stock has a market cap of $96.87 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06.

A number of institutional investors and hedge funds have recently modified their holdings of AXP. Coastal Investment Advisors Inc. grew its position in American Express by 15.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 9,108 shares of the payment services company’s stock worth $1,127,000 after purchasing an additional 1,208 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in shares of American Express by 16.8% in the second quarter. CSat Investment Advisory L.P. now owns 10,178 shares of the payment services company’s stock worth $1,256,000 after purchasing an additional 1,466 shares during the last quarter. Aperio Group LLC raised its stake in shares of American Express by 3.1% in the second quarter. Aperio Group LLC now owns 566,433 shares of the payment services company’s stock worth $69,920,000 after purchasing an additional 16,907 shares during the last quarter. Aft Forsyth & Company Inc. raised its stake in shares of American Express by 1.1% in the second quarter. Aft Forsyth & Company Inc. now owns 9,181 shares of the payment services company’s stock worth $1,133,000 after purchasing an additional 100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of American Express by 306.2% in the second quarter. Jacobs Levy Equity Management Inc. now owns 144,420 shares of the payment services company’s stock worth $17,827,000 after purchasing an additional 108,870 shares during the last quarter. 83.90% of the stock is currently owned by institutional investors.

In related news, CEO Stephen J. Squeri sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.33, for a total transaction of $1,774,950.00. Following the sale, the chief executive officer now directly owns 199,609 shares of the company’s stock, valued at $23,619,732.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey C. Campbell sold 7,045 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $124.91, for a total value of $879,990.95. Following the sale, the chief financial officer now directly owns 59,620 shares in the company, valued at $7,447,134.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,500 shares of company stock valued at $4,618,653. Company insiders own 0.21% of the company’s stock.

The company also recently disclosed a 0.39000 dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be paid a $0.43 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 3rd. American Express’s payout ratio is 23.47%.

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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