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, 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%.

A number of research firms have commented on AXP. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Thursday, January 11th. Morgan Stanley raised their target price on shares of American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Oppenheimer set a $110.00 target price on shares of American Express and gave the stock a “buy” rating in a research note on Thursday, April 12th. Guggenheim cut shares of American Express from a “buy” rating to a “neutral” rating and raised their target price for the stock from $98.03 to $102.00 in a research note on Monday, January 22nd. Finally, Sandler O’Neill set a $109.00 target price on shares of American Express and gave the stock a “buy” rating in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and a consensus target price of $104.12.

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.

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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.

Earnings History for American Express (NYSE:AXP)

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