American Express (NYSE:AXP) Expected to Announce Quarterly Sales of $12.39 Billion

Wall Street analysts expect American Express (NYSE:AXP) to report sales of $12.39 billion for the current quarter, Zacks reports. Seventeen analysts have made estimates for American Express’ earnings. The lowest sales estimate is $12.09 billion and the highest is $12.63 billion. American Express posted sales of $10.24 billion in the same quarter last year, which would indicate a positive year over year growth rate of 21%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that American Express will report full-year sales of $50.47 billion for the current fiscal year, with estimates ranging from $49.00 billion to $51.18 billion. For the next year, analysts expect that the business will report sales of $56.85 billion, with estimates ranging from $52.30 billion to $59.20 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover American Express.

American Express (NYSE:AXPGet Rating) last issued its quarterly earnings data on Friday, April 22nd. The payment services company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.30. The company had revenue of $11.74 billion during the quarter, compared to analysts’ expectations of $11.66 billion. American Express had a return on equity of 33.35% and a net margin of 17.49%. The business’s revenue was up 29.5% on a year-over-year basis. During the same period last year, the business earned $1.74 earnings per share.

A number of research analysts recently issued reports on AXP shares. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target on shares of American Express in a report on Wednesday, March 23rd. Wells Fargo & Company lifted their price target on American Express from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 26th. BMO Capital Markets lifted their price objective on American Express from $152.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 26th. Citigroup lifted their price objective on American Express from $187.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 26th. Finally, Credit Suisse Group boosted their target price on American Express from $163.00 to $170.00 and gave the stock an “underperform” rating in a research report on Wednesday, January 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $192.26.

In related news, CEO Stephen J. Squeri sold 48,160 shares of the stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $178.38, for a total value of $8,590,780.80. Following the sale, the chief executive officer now owns 31,285 shares in the company, valued at approximately $5,580,618.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in American Express by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 46,802,171 shares of the payment services company’s stock valued at $8,752,006,000 after acquiring an additional 200,093 shares during the period. State Street Corp grew its holdings in American Express by 0.9% in the 4th quarter. State Street Corp now owns 34,277,797 shares of the payment services company’s stock valued at $5,607,848,000 after buying an additional 320,288 shares in the last quarter. Wellington Management Group LLP grew its holdings in American Express by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 28,755,839 shares of the payment services company’s stock valued at $5,377,343,000 after buying an additional 324,789 shares in the last quarter. Fisher Asset Management LLC grew its holdings in American Express by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 15,745,967 shares of the payment services company’s stock valued at $2,576,040,000 after buying an additional 121,632 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in American Express by 7.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,392,391 shares of the payment services company’s stock valued at $2,504,375,000 after buying an additional 906,904 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.

Shares of NYSE AXP opened at $153.24 on Friday. The stock has a market cap of $115.40 billion, a PE ratio of 15.35, a PEG ratio of 1.24 and a beta of 1.08. The business has a fifty day moving average of $177.84 and a two-hundred day moving average of $175.14. American Express has a 52-week low of $149.71 and a 52-week high of $199.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.63 and a current ratio of 1.63.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Friday, July 1st will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 30th. American Express’s payout ratio is 20.84%.

American Express Company Profile (Get Rating)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Earnings History and Estimates for American Express (NYSE:AXP)

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