American Express (NYSE:AXP) issued its quarterly earnings data on Thursday. The payment services company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11, RTT News reports. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.06 billion. American Express had a net margin of 9.51% and a return on equity of 32.01%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. American Express updated its FY18 guidance to $7.30-7.40 EPS.

AXP stock opened at $106.73 on Friday. The firm has a market capitalization of $88.55 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 2.67. American Express has a 12 month low of $87.54 and a 12 month high of $111.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be given a $0.39 dividend. This is an increase from American Express’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, October 4th. This represents a $1.56 annualized dividend and a yield of 1.46%. American Express’s dividend payout ratio is 26.58%.

American Express announced that its board has approved a stock repurchase plan on Thursday, June 28th that allows the company to repurchase $3.40 billion in shares. This repurchase authorization allows the payment services company to reacquire up to 4.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

In other American Express news, CEO Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $99.73, for a total transaction of $1,246,625.00. Following the completion of the transaction, the chief executive officer now owns 191,971 shares in the company, valued at approximately $19,145,267.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc D. Gordon sold 25,948 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the transaction, the insider now owns 33,111 shares of the company’s stock, valued at approximately $3,570,359.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,448 shares of company stock valued at $4,942,168. 0.20% of the stock is owned by insiders.

AXP has been the subject of several recent analyst reports. Buckingham Research upgraded shares of American Express from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $112.00 in a research report on Friday, June 29th. Stephens set a $97.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Friday, June 29th. Jefferies Financial Group restated a “hold” rating and set a $105.00 price objective on shares of American Express in a research report on Monday, July 16th. BMO Capital Markets boosted their price objective on shares of American Express from $103.00 to $106.00 and gave the stock a “market perform” rating in a research report on Thursday, July 19th. Finally, Oppenheimer set a $113.00 price objective on shares of American Express and gave the stock a “buy” rating in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.31.

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.

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Earnings History for American Express (NYSE:AXP)

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