American Express (NYSE:AXP) Updates FY 2019 Earnings Guidance

American Express (NYSE:AXP) issued an update on its FY 2019 earnings guidance on Friday morning. 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 $8.13. The company issued revenue guidance of $43.56504-44.3718 billion, compared to the consensus revenue estimate of $43.57 billion.American Express also updated its FY19 guidance to $7.85-8.35 EPS.

Shares of NYSE:AXP opened at $124.82 on Monday. The company has a market capitalization of $104.23 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. The company’s 50-day moving average price is $123.42. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 2.52. American Express has a 12 month low of $89.05 and a 12 month high of $129.34.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 19th. The payment services company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.02. American Express had a net margin of 16.60% and a return on equity of 29.78%. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. American Express’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that American Express will post 8.13 earnings per share for the current fiscal year.



The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, July 3rd. American Express’s dividend payout ratio is currently 21.28%.

Several equities analysts recently issued reports on AXP shares. Oppenheimer set a $119.00 price target on shares of American Express and gave the company a buy rating in a research report on Wednesday, April 17th. ValuEngine cut shares of Wolverine World Wide from a hold rating to a sell rating in a research report on Monday, May 20th. William Blair reiterated an outperform rating on shares of American Express in a research report on Tuesday, June 18th. Deutsche Bank reiterated a buy rating and set a $80.00 price target on shares of Bayerische Motoren Werke in a research report on Monday, July 8th. Finally, Bank of America reduced their price target on shares of Canopy Growth from $80.00 to $75.00 and set a buy rating on the stock in a research report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $123.03.

In other news, Chairman Stephen J. Squeri sold 15,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $114.69, for a total value of $1,720,350.00. Following the completion of the sale, the chairman now owns 214,815 shares in the company, valued at approximately $24,637,132.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeffrey C. Campbell sold 6,500 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.93, for a total transaction of $799,045.00. Following the completion of the sale, the chief financial officer now owns 68,379 shares of the company’s stock, valued at approximately $8,405,830.47. The disclosure for this sale can be found here. Insiders have sold 183,797 shares of company stock valued at $21,861,060 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

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

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