American Express (NYSE:AXP) to Post FY2022 Earnings of $9.71 Per Share, William Blair Forecasts

American Express (NYSE:AXPGet Rating) – William Blair lifted their FY2022 earnings per share (EPS) estimates for shares of American Express in a report released on Friday, September 16th. William Blair analyst R. Napoli now anticipates that the payment services company will post earnings of $9.71 per share for the year, up from their prior forecast of $9.64. The consensus estimate for American Express’ current full-year earnings is $9.88 per share. William Blair also issued estimates for American Express’ FY2023 earnings at $11.23 EPS and FY2024 earnings at $12.90 EPS.

Several other research firms also recently weighed in on AXP. Wells Fargo & Company decreased their price target on shares of American Express from $215.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Piper Sandler lowered their target price on American Express from $202.00 to $163.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Robert W. Baird upgraded American Express from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a research note on Friday, June 17th. Citigroup lifted their price objective on American Express from $148.00 to $159.00 in a report on Tuesday, July 26th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of American Express from $220.00 to $201.00 in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $181.53.

American Express Price Performance

American Express stock opened at $153.08 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $114.77 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The firm has a 50-day moving average of $154.14 and a two-hundred day moving average of $162.68. American Express has a 1 year low of $134.12 and a 1 year high of $199.55.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.16. The firm had revenue of $13.40 billion during the quarter, compared to analyst estimates of $12.54 billion. American Express had a net margin of 15.69% and a return on equity of 32.81%. The business’s revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 earnings per share.

Institutional Investors Weigh In On American Express

Institutional investors have recently bought and sold shares of the company. Equitable Holdings Inc. grew its stake in shares of American Express by 4.2% during the fourth quarter. Equitable Holdings Inc. now owns 3,616 shares of the payment services company’s stock worth $592,000 after acquiring an additional 145 shares during the last quarter. Level Four Advisory Services LLC increased its stake in American Express by 6.8% during the 4th quarter. Level Four Advisory Services LLC now owns 2,249 shares of the payment services company’s stock valued at $368,000 after purchasing an additional 143 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of American Express by 4.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 52,492 shares of the payment services company’s stock worth $8,588,000 after buying an additional 2,191 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its stake in shares of American Express by 10.7% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 154,023 shares of the payment services company’s stock worth $25,198,000 after buying an additional 14,852 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in shares of American Express by 8.5% during the fourth quarter. Hilltop Holdings Inc. now owns 7,398 shares of the payment services company’s stock valued at $1,210,000 after buying an additional 581 shares during the last quarter. 84.10% of the stock is currently owned by institutional investors and hedge funds.

American Express Company Profile

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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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