American Express (AXP) Releases FY19 Earnings Guidance

American Express (NYSE:AXP) issued an update on its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $7.85-8.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.14.

A number of brokerages have recently issued reports on AXP. Morgan Stanley upgraded shares of American Express from an equal weight rating to an overweight rating and upped their target price for the stock from $123.00 to $140.00 in a research report on Thursday. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a buy rating in a research report on Wednesday, April 17th. DZ Bank lowered shares of American Express from a buy rating to a hold rating in a research report on Thursday, March 21st. Bank of America reiterated a neutral rating and set a $108.00 target price on shares of American Express in a research report on Thursday, March 14th. Finally, Wells Fargo & Co reiterated a buy rating and set a $125.00 target price (up from $115.00) on shares of American Express in a research report on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $114.20.

AXP traded up $1.72 during mid-day trading on Friday, hitting $117.60. The stock had a trading volume of 2,899,072 shares, compared to its average volume of 3,559,799. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.93 and a current ratio of 2.24. The firm has a market cap of $96.12 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. American Express has a 1-year low of $89.05 and a 1-year high of $117.73.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.01. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. American Express had a net margin of 16.60% and a return on equity of 29.94%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share. Equities analysts forecast that American Express will post 8.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio is 21.28%.

In other news, EVP Richard Petrino sold 2,444 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $107.11, for a total transaction of $261,776.84. Following the completion of the sale, the executive vice president now owns 7,591 shares of the company’s stock, valued at $813,072.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael John O’neill sold 15,749 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the sale, the insider now directly owns 69,941 shares of the company’s stock, valued at approximately $7,969,077.54. The disclosure for this sale can be found here. Insiders have sold 30,693 shares of company stock valued at $3,343,968 in the last three months. 0.21% of the stock is owned by insiders.

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About American Express

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

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