American Express (AXP) Set to Announce Earnings on Friday

American Express (NYSE:AXPGet Rating) is set to release its earnings data before the market opens on Friday, January 27th. Analysts expect American Express to post earnings of $2.18 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, October 21st. The payment services company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.05. American Express had a return on equity of 33.28% and a net margin of 15.02%. The firm had revenue of $13.56 billion for the quarter, compared to analysts’ expectations of $13.58 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, analysts expect American Express to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

American Express Trading Up 0.9 %

American Express stock traded up $1.33 during midday trading on Tuesday, reaching $155.33. The stock had a trading volume of 2,344,900 shares, compared to its average volume of 2,987,317. American Express has a twelve month low of $130.65 and a twelve month high of $199.55. The stock has a market capitalization of $116.07 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.61. The stock’s 50-day simple moving average is $151.61 and its 200 day simple moving average is $150.34.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 6th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, January 5th. American Express’s payout ratio is currently 20.90%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AXP. JPMorgan Chase & Co. reduced their target price on American Express from $170.00 to $166.00 in a report on Tuesday, January 10th. Stephens cut American Express from an “equal weight” rating to an “underweight” rating and set a $134.00 price objective on the stock. in a research note on Thursday, January 5th. UBS Group started coverage on American Express in a research note on Monday, November 21st. They set a “neutral” rating and a $168.00 price objective on the stock. StockNews.com started coverage on American Express in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley reduced their price objective on American Express from $154.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.74.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 16,354 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $154.23, for a total value of $2,522,277.42. Following the transaction, the insider now owns 99,024 shares in the company, valued at $15,272,471.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Vice Chairman Douglas E. Buckminster sold 16,354 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $154.23, for a total value of $2,522,277.42. Following the completion of the sale, the insider now directly owns 99,024 shares of the company’s stock, valued at $15,272,471.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Walter Joseph Clayton III acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average cost of $149.27 per share, with a total value of $149,270.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $149,270. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Institutional Trading of American Express

Hedge funds and other institutional investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. bought a new stake in American Express in the third quarter valued at about $53,000. Covestor Ltd grew its holdings in shares of American Express by 207.1% during the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock valued at $177,000 after purchasing an additional 638 shares during the last quarter. Vista Investment Management bought a new position in shares of American Express during the first quarter valued at approximately $204,000. Nations Financial Group Inc. IA ADV bought a new position in shares of American Express during the first quarter valued at approximately $206,000. Finally, Zions Bancorporation N.A. grew its holdings in shares of American Express by 5.6% during the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock valued at $266,000 after purchasing an additional 75 shares during the last quarter. 83.30% of the stock is owned by institutional investors.

American Express Company Profile

(Get Rating)

American Express Co engages in the provision of charge and credit card products and travel-related services. It operates through the following segments: U.S Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS), Global Merchant and Network Services (GMNS), and Corporate and Other.

See Also

Earnings History for American Express (NYSE:AXP)

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