American Express (AXP) Set to Announce Earnings on Wednesday

American Express (NYSE:AXP) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 18th. Analysts expect American Express to post earnings of $1.65 per share for the quarter. American Express has set its FY18 guidance at $6.90-7.30 EPS.

American Express (NYSE:AXP) last released its quarterly 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. The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. American Express had a return on equity of 26.00% and a net margin of 8.08%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. On average, analysts expect American Express to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

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AXP stock opened at $93.60 on Tuesday. The firm has a market capitalization of $80,031.73, a PE ratio of 15.95, a PEG ratio of 1.27 and a beta of 1.14. American Express has a 1 year low of $75.51 and a 1 year high of $102.39. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. American Express’s dividend payout ratio (DPR) is currently 23.85%.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase downgraded American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Friday, January 12th. Sandler O’Neill restated a “buy” rating on shares of American Express in a research note on Wednesday, January 17th. Barclays set a $119.00 price target on American Express and gave the stock an “equal weight” rating in a research note on Thursday, January 11th. Finally, Wells Fargo restated an “outperform” rating and issued a $115.00 price target (up from $105.00) on shares of American Express in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $104.12.

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 stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the sale, the insider now directly owns 100,790 shares of the company’s stock, valued at $9,942,933.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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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.

Earnings History for American Express (NYSE:AXP)

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