Wall Street analysts expect that American Express (NYSE:AXP) will report earnings of $2.08 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for American Express’ earnings, with the highest EPS estimate coming in at $2.21 and the lowest estimate coming in at $1.95. American Express reported earnings of $1.88 per share in the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The company is expected to announce its next quarterly earnings report on Thursday, October 17th.

On average, analysts expect that American Express will report full year earnings of $8.12 per share for the current year, with EPS estimates ranging from $8.07 to $8.20. For the next fiscal year, analysts expect that the business will report earnings of $8.97 per share, with EPS estimates ranging from $8.60 to $9.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Express.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.02. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.82 billion. American Express had a net margin of 16.60% and a return on equity of 29.75%. American Express’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 EPS.

Several research analysts recently issued reports on the stock. Morgan Stanley set a $142.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Friday, August 9th. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Tuesday, June 18th. Bank of America assumed coverage on shares of American Express in a research report on Wednesday, June 19th. They issued a “buy” rating and a $145.00 target price for the company. Finally, ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. American Express currently has a consensus rating of “Hold” and a consensus target price of $124.49.

In other news, Chairman Stephen J. Squeri sold 101,964 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $119.95, for a total transaction of $12,230,581.80. Following the completion of the transaction, the chairman now directly owns 258,948 shares of the company’s stock, valued at $31,060,812.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey C. Campbell sold 6,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.93, for a total transaction of $799,045.00. Following the transaction, the chief financial officer now directly owns 68,379 shares of the company’s stock, valued at $8,405,830.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,548 shares of company stock valued at $22,910,322. Insiders own 0.21% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of American Express by 6.9% during the first quarter. FMR LLC now owns 26,274,516 shares of the payment services company’s stock valued at $2,871,804,000 after purchasing an additional 1,690,676 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of American Express by 3.5% during the second quarter. Fisher Asset Management LLC now owns 11,352,692 shares of the payment services company’s stock valued at $1,401,376,000 after purchasing an additional 381,084 shares in the last quarter. Magellan Asset Management Ltd increased its stake in shares of American Express by 212,845.6% during the second quarter. Magellan Asset Management Ltd now owns 9,580,424 shares of the payment services company’s stock valued at $1,182,608,000 after purchasing an additional 9,575,925 shares in the last quarter. Egerton Capital UK LLP increased its stake in shares of American Express by 18.4% during the first quarter. Egerton Capital UK LLP now owns 9,368,737 shares of the payment services company’s stock valued at $1,024,003,000 after purchasing an additional 1,452,890 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of American Express by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 8,486,121 shares of the payment services company’s stock valued at $807,358,000 after purchasing an additional 459,983 shares in the last quarter. 84.26% of the stock is owned by institutional investors.

NYSE:AXP traded down $0.27 during midday trading on Thursday, hitting $122.38. The company had a trading volume of 2,965,417 shares, compared to its average volume of 3,376,152. American Express has a 52-week low of $89.05 and a 52-week high of $129.34. The stock has a fifty day simple moving average of $125.57. The firm has a market cap of $102.84 billion, a P/E ratio of 16.70, a PEG ratio of 1.39 and a beta of 1.05. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.84 and a quick ratio of 1.84.

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 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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