American Express (AXP) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS
American Express (NYSE:AXP) issued its quarterly earnings data on Wednesday. The payment services company reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.15, Briefing.com reports. American Express had a net margin of 8.08% and a return on equity of 26.00%. The firm had revenue of $9.72 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis.
AXP stock opened at $95.15 on Thursday. American Express has a fifty-two week low of $75.51 and a fifty-two week high of $102.39. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The firm has a market capitalization of $80,745.77, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio (DPR) is currently 23.85%.
In related news, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the transaction, the insider now directly owns 100,790 shares of the company’s stock, valued at $9,942,933.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/04/19/american-express-axp-posts-quarterly-earnings-results-beats-estimates-by-0-15-eps.html.
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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.