American Express Company (AXP) Issues FY17 Earnings Guidance

American Express Company (NYSE:AXP) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $5.60-5.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.69.

A number of equities research analysts have issued reports on the company. Wells Fargo & Co restated a market perform rating and set a $80.00 price target on shares of American Express Company in a research note on Sunday, May 21st. Oppenheimer Holdings Inc. restated a buy rating on shares of American Express Company in a research note on Wednesday, February 8th. Keefe, Bruyette & Woods restated a buy rating and set a $91.00 price target on shares of American Express Company in a research note on Monday, April 10th. DA Davidson boosted their price target on American Express Company from $80.00 to $84.00 and gave the company a neutral rating in a research note on Tuesday, February 14th. Finally, BMO Capital Markets reiterated a hold rating and set a $84.00 price objective on shares of American Express Company in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. American Express Company has a consensus rating of Hold and a consensus target price of $82.71.

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

Shares of American Express Company (NYSE:AXP) opened at 78.49 on Monday. American Express Company has a one year low of $57.15 and a one year high of $82.00. The stock has a market capitalization of $70.15 billion, a PE ratio of 14.17 and a beta of 1.19. The stock’s 50 day moving average price is $78.14 and its 200 day moving average price is $77.00.

American Express Company (NYSE:AXP) last released its earnings results on Wednesday, April 19th. The payment services company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.06. American Express Company had a return on equity of 33.49% and a net margin of 16.63%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same period in the previous year, the firm posted $1.45 EPS. American Express Company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts predict that American Express Company will post $5.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, July 7th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.28 annualized dividend and a yield of 1.63%. American Express Company’s payout ratio is 22.74%.

In related news, EVP Marc D. Gordon sold 4,900 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $76.98, for a total transaction of $377,202.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas E. Buckminster sold 46,950 shares of the business’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $80.78, for a total value of $3,792,621.00. Following the transaction, the insider now directly owns 103,676 shares of the company’s stock, valued at $8,374,947.28. The disclosure for this sale can be found here. Insiders have sold a total of 54,850 shares of company stock valued at $4,407,543 over the last three months. 0.78% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: This story was first published by Mideast Time and is the property of of Mideast Time. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.mideasttime.com/american-express-company-axp-issues-fy17-earnings-guidance/1751633.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXP. Westside Investment Management Inc. boosted its position in American Express Company by 36.7% in the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock valued at $119,000 after buying an additional 410 shares during the last quarter. Probity Advisors Inc. bought a new position in American Express Company during the first quarter valued at approximately $210,000. Salem Investment Counselors Inc. bought a new position in American Express Company during the first quarter valued at approximately $221,000. Weatherstone Capital Management boosted its position in American Express Company by 3.0% in the first quarter. Weatherstone Capital Management now owns 3,119 shares of the payment services company’s stock valued at $247,000 after buying an additional 90 shares during the last quarter. Finally, First Financial Equity Corporation bought a new position in American Express Company during the first quarter valued at approximately $264,000. 81.71% of the stock is owned by hedge funds and other institutional investors.

American Express Company Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AXP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for American Express Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express Company and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.