William Blair Research Analysts Decrease Earnings Estimates for American Express (NYSE:AXP)
American Express (NYSE:AXP) – Research analysts at William Blair cut their Q1 2020 earnings per share (EPS) estimates for shares of American Express in a research report issued to clients and investors on Friday, October 18th. William Blair analyst R. Napoli now forecasts that the payment services company will post earnings of $2.30 per share for the quarter, down from their prior estimate of $2.32. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for American Express’ Q3 2020 earnings at $2.31 EPS.
American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.01. The business had revenue of $10.99 billion for the quarter, compared to analysts’ expectations of $10.94 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.88 EPS.
AXP stock opened at $116.76 on Monday. The stock has a market capitalization of $98.81 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.06. American Express has a 12-month low of $89.05 and a 12-month high of $129.34. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.50. The stock’s 50 day simple moving average is $117.67 and its 200 day simple moving average is $119.68.
Large investors have recently bought and sold shares of the company. Garrett Wealth Advisory Group LLC purchased a new stake in shares of American Express in the 3rd quarter worth $27,000. HMS Capital Management LLC purchased a new stake in American Express in the 2nd quarter worth $37,000. Enterprise Trust & Investment Co purchased a new stake in American Express in the 3rd quarter worth $38,000. Edge Wealth Management LLC increased its stake in American Express by 140.3% in the 2nd quarter. Edge Wealth Management LLC now owns 370 shares of the payment services company’s stock worth $46,000 after buying an additional 216 shares in the last quarter. Finally, Virtus ETF Advisers LLC purchased a new stake in American Express in the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 83.92% of the company’s stock.
In other news, CEO Stephen J. Squeri sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.33, for a total value of $1,774,950.00. Following the completion of the sale, the chief executive officer now directly owns 199,609 shares in the company, valued at approximately $23,619,732.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey C. Campbell sold 7,045 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $124.91, for a total value of $879,990.95. Following the completion of the sale, the chief financial officer now owns 59,620 shares of the company’s stock, valued at $7,447,134.20. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $4,618,653 over the last three months. Insiders own 0.21% of the company’s stock.
The company also recently declared a 0.39000 dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.3%. American Express’s payout ratio is 23.47%.
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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