Equities analysts predict that American Express (NYSE:AXP) will report $2.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for American Express’ earnings. The lowest EPS estimate is $1.97 and the highest is $2.11. American Express posted earnings of $1.86 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The firm is expected to report its next earnings report on Wednesday, April 17th.

According to Zacks, analysts expect that American Express will report full-year earnings of $8.13 per share for the current year, with EPS estimates ranging from $7.94 to $8.28. For the next year, analysts forecast that the company will post earnings of $8.96 per share, with EPS estimates ranging from $8.70 to $9.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for American Express.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, January 17th. The payment services company reported $1.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.06). The firm had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.54 billion. American Express had a net margin of 17.08% and a return on equity of 30.45%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS.

Several analysts have recently commented on AXP shares. Bank of America set a $108.00 price target on shares of American Express and gave the company a “hold” rating in a research report on Friday, January 18th. Oppenheimer reissued a “buy” rating and issued a $114.00 target price on shares of American Express in a research report on Thursday, October 18th. Credit Suisse Group reissued a “hold” rating and issued a $93.00 target price on shares of American Express in a research report on Friday, January 18th. Zacks Investment Research lowered American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, Barclays boosted their target price on American Express from $113.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. American Express has an average rating of “Hold” and a consensus target price of $111.37.

Shares of AXP stock traded down $0.12 during trading on Wednesday, hitting $99.71. 3,143,216 shares of the stock traded hands, compared to its average volume of 3,759,711. The firm has a market cap of $85.84 billion, a PE ratio of 13.60, a PEG ratio of 1.18 and a beta of 1.14. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.88 and a current ratio of 2.22. American Express has a 52-week low of $87.54 and a 52-week high of $114.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, January 4th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, January 3rd. American Express’s dividend payout ratio is currently 21.28%.

In other news, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $103.84, for a total transaction of $1,298,000.00. Following the sale, the chairman now owns 209,957 shares of the company’s stock, valued at $21,801,934.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of American Express by 0.7% during the third quarter. Vanguard Group Inc. now owns 49,872,420 shares of the payment services company’s stock worth $5,310,914,000 after purchasing an additional 364,282 shares in the last quarter. Vanguard Group Inc grew its stake in shares of American Express by 0.7% during the third quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock worth $5,310,914,000 after purchasing an additional 364,282 shares in the last quarter. BlackRock Inc. grew its stake in shares of American Express by 2.4% during the third quarter. BlackRock Inc. now owns 45,176,984 shares of the payment services company’s stock worth $4,810,897,000 after purchasing an additional 1,045,964 shares in the last quarter. FMR LLC grew its stake in shares of American Express by 71.6% during the third quarter. FMR LLC now owns 16,447,370 shares of the payment services company’s stock worth $1,751,481,000 after purchasing an additional 6,861,701 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of American Express by 2.4% during the third quarter. Fisher Asset Management LLC now owns 10,357,743 shares of the payment services company’s stock worth $1,102,996,000 after purchasing an additional 246,871 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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