Zacks: Brokers expect American Express (NYSE:AXP) to post EPS of $1.77

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Wall Street analysts expect American Express (NYSE:AXP) to post earnings of $1.77 per share for the current fiscal quarter, Zacks reports. Fifteen analysts provided earnings estimates for American Express. The highest EPS estimate is $2.12 and the lowest is $1.46. American Express posted earnings per share of $1.76 in the same quarter last year, which would indicate a positive growth rate of 0.6% year over year. The company is expected to announce its next quarterly results before market open on Tuesday, January 25.

On average, analysts expect American Express to report annual earnings of $9.57 per share for the current year, with EPS estimates ranging from $9.30 to $9.83. For the next fiscal year, analysts expect the company to post earnings of $9.66 per share, with EPS estimates ranging from $9.01 to $10.15. Zacks’ EPS calculations are an average based on a survey of sell-side analysts who cover American Express.

American Express Inc (NYSE:AXP) last released its results on Thursday, October 21. The payment services company reported earnings per share of $2.27 for the quarter, beating Thomson Reuters consensus estimate of $1.80 by $0.47. American Express had a net margin of 19.54% and a return on equity of 28.48%. The company posted revenue of $10.93 billion for the quarter, versus analyst estimates of $10.55 billion. In the same quarter a year earlier, the company posted EPS of $1.30. The company’s quarterly revenue increased 24.9% year over year.

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AXP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised its price target on American Express from $190.00 to $200.00 and gave the stock a “buy” rating in a Monday, October 25 report. Oppenheimer raised his price target on American Express shares from $193.00 to $194.00 and gave the stock an “outperform” rating in a Wednesday, Oct. 13 research note. BMO Capital Markets raised its price target on American Express shares from $147.00 to $151.00 and gave the stock a “market performance” rating in a Monday, October 25 research note . They noted that the move was a review call. Stephens raised its price target on American Express from $180.00 to $190.00 and gave the company an “equal weight” rating in a Monday, October 25 report. Finally, Bank of America raised its price target on American Express from $178.00 to $189.00 and gave the company a “neutral” rating in a Monday, October 25 report. Two equity research analysts gave the stock a sell rating, twelve issued a hold rating and six gave the company a buy rating. According to MarketBeat, American Express currently has an average rating of “Hold” and an average price target of $179.56.

Shares of American Express opened at $168.40 on Friday. American Express has a 1 year minimum of $112.10 and a 1 year maximum of $189.03. The company has a market capitalization of $130.44 billion, a P/E ratio of 17.60, a PEG ratio of 0.90 and a beta of 1.25. The company’s fifty-day moving average price is $168.20 and its two-hundred-day moving average price is $169.01. The company has a debt ratio of 1.41, a current ratio of 1.59 and a quick ratio of 1.59.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 10. Shareholders of record on Friday, January 7 will receive a dividend of $0.43 per share. The ex-date of this dividend is Thursday, January 6. This represents a dividend of $1.72 on an annualized basis and a dividend yield of 1.02%. American Express’ dividend payout ratio is 17.97%.

In other news, insider Anna Marrs sold 26,094 shares of American Express in a trade on Wednesday, Nov. 24. The shares were sold at an average price of $171.22, for a total transaction of $4,467,814.68. The sale was disclosed in a legal filing with the SEC, which is available via this link. Insiders of the company own 0.20% of the shares of the company.

A number of hedge funds have recently changed their holdings in the company. Fort Point Capital Partners LLC increased its equity stake in American Express by 0.7% during the third quarter. Fort Point Capital Partners LLC now owns 7,467 shares of the payment services company worth $1,251,000 after buying 55 additional shares in the last quarter. B. Riley Wealth Management Inc. increased its stake in American Express by 1.7% in the third quarter. B. Riley Wealth Management Inc. now owns 3,373 shares of the payment services company valued at $565,000 after purchasing 56 additional shares during the period. Financial Management Professionals Inc. increased its stake in American Express by 6.1% in the third quarter. Financial Management Professionals Inc. now owns 1,015 shares of the payment services company valued at $170,000 after buying 58 additional shares during the period. Beaumont Asset Management LLC increased its stake in American Express by 1.5% in the third quarter. Beaumont Asset Management LLC now owns 4,057 shares of the payment services company valued at $679,000 after purchasing an additional 60 shares during the period. Finally, GPS Wealth Strategies Group LLC increased its stake in American Express by 30.8% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 255 shares of the payment services company valued at $43,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 84.60% of the company’s shares.

About American Express

American Express Co is engaged in the provision of payment and credit card products and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services, and Corporate and Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally.

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Earnings history and estimates for American Express (NYSE:AXP)

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