$1.73 EPS Expected for American Express (AXP) This Quarter
Equities research analysts expect that American Express (NYSE:AXP) will announce $1.73 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for American Express’ earnings, with the lowest EPS estimate coming in at $1.63 and the highest estimate coming in at $1.87. American Express posted earnings per share of $1.34 during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.1%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, April 18th.
On average, analysts expect that American Express will report full year earnings of $7.15 per share for the current year, with EPS estimates ranging from $6.90 to $7.35. For the next financial year, analysts expect that the firm will post earnings of $7.97 per share, with EPS estimates ranging from $7.45 to $8.45. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for American Express.
American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. The company had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a return on equity of 26.00% and a net margin of 8.08%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share.
Shares of NYSE AXP opened at $93.60 on Friday. The firm has a market cap of $80,031.73, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.27 and a beta of 1.14. American Express has a 52-week low of $75.51 and a 52-week high of $102.39. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.93 and a quick ratio of 1.93.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be given 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 yield of 1.50%. American Express’s payout ratio is 23.85%.
In other news, insider James Peter Bush sold 13,356 shares of the business’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 completion of the transaction, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of American Express by 1.8% during the 4th quarter. BlackRock Inc. now owns 43,090,501 shares of the payment services company’s stock worth $4,279,318,000 after buying an additional 781,329 shares during the period. Fisher Asset Management LLC grew its position in shares of American Express by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 11,872,530 shares of the payment services company’s stock worth $1,179,061,000 after buying an additional 325,140 shares during the period. Veritas Asset Management LLP grew its position in shares of American Express by 7.1% during the 3rd quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock worth $998,602,000 after buying an additional 735,952 shares during the period. Geode Capital Management LLC grew its position in shares of American Express by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 7,700,608 shares of the payment services company’s stock worth $763,153,000 after buying an additional 382,691 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of American Express by 3.9% during the 4th quarter. Clearbridge Investments LLC now owns 5,655,948 shares of the payment services company’s stock worth $561,692,000 after buying an additional 209,808 shares during the period. Institutional investors own 84.11% 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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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