American Express (AXP) Earning Very Positive Press Coverage, Analysis Finds
Media stories about American Express (NYSE:AXP) have trended very positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. American Express earned a news sentiment score of 3.67 on their scale. InfoTrie also gave media headlines about the payment services company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted American Express’ ranking:
- American Express acquires restaurant reservation app Resy (finextra.com)
- American Express Chief Executive Officer to Participate in the MoffettNathanson Inaugural Payments, Processors, and IT Services Summit (finance.yahoo.com)
- Top 7 Dow Jones Stocks of 2019 — So Far (investorplace.com)
- American Express Aims to Expand Digital Dining, Access & Experiences with Acquisition of Resy Reservation Platform (finance.yahoo.com)
- American Express buys restaurant reservation service Resy (marketbeat.com)
A number of research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of American Express in a report on Friday, May 3rd. Morgan Stanley upgraded American Express from an “equal weight” rating to an “overweight” rating and set a $140.00 price target on the stock in a report on Friday, May 3rd. UBS Group downgraded American Express from a “buy” rating to a “neutral” rating and set a $117.60 price target on the stock. in a report on Monday, April 29th. Oppenheimer set a $119.00 price target on American Express and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, DZ Bank downgraded American Express from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. American Express presently has a consensus rating of “Hold” and a consensus target price of $116.63.
American Express (NYSE:AXP) last issued its earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that American Express will post 8.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.33%. American Express’s dividend payout ratio (DPR) is currently 21.28%.
In other American Express news, insider Michael John O’neill sold 15,749 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total value of $1,794,441.06. Following the transaction, the insider now owns 69,941 shares in the company, valued at $7,969,077.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.
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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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