American Express (NYSE:AXP) Issues Earnings Results, Beats Estimates By $0.50 EPS

American Express (NYSE:AXP) posted its quarterly earnings results on Monday. The payment services company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.50, MarketWatch Earnings reports. American Express had a return on equity of 21.31% and a net margin of 8.84%. The business had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.32 billion. During the same period in the prior year, the business earned $2.03 EPS. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis.

Shares of AXP traded down $2.06 during trading hours on Wednesday, hitting $114.09. The company had a trading volume of 5,793,173 shares, compared to its average volume of 4,558,827. The firm has a market cap of $91.87 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.27 and a beta of 1.36. The stock’s 50 day moving average price is $120.64 and its 200 day moving average price is $107.58. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. American Express has a 52-week low of $67.00 and a 52-week high of $138.04.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 10th. Stockholders of record on Friday, January 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, January 7th. This represents a $1.72 annualized dividend and a dividend yield of 1.51%. American Express’s dividend payout ratio is currently 20.98%.

AXP has been the subject of several analyst reports. Moffett Nathanson initiated coverage on American Express in a research note on Monday, December 7th. They issued a “buy” rating and a $155.00 price objective for the company. Oppenheimer lowered their price objective on American Express from $136.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley lowered their price objective on American Express from $175.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday. 140166 downgraded American Express from a “positive” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research note on Friday, October 9th. Finally, Wells Fargo & Company increased their price target on American Express from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $119.31.

In related news, insider Anna Marrs sold 2,064 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $119.56, for a total value of $246,771.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas E. Buckminster sold 14,827 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $96.85, for a total value of $1,435,994.95. Following the completion of the sale, the insider now directly owns 96,633 shares in the company, valued at $9,358,906.05. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.

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Earnings History for American Express (NYSE:AXP)

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