Analysts Set Expectations for American Express Company’s Q1 2018 Earnings (AXP)

American Express Company (NYSE:AXP) – Research analysts at Oppenheimer issued their Q1 2018 EPS estimates for American Express in a report issued on Tuesday. Oppenheimer analyst B. Chittenden anticipates that the payment services company will earn $1.73 per share for the quarter. Oppenheimer currently has a “Buy” rating and a $99.00 target price on the stock.

American Express (NYSE:AXP) last issued its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share.

Other equities analysts also recently issued reports about the stock. Bank of America boosted their target price on shares of American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Monday, September 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $116.00 target price on shares of American Express in a report on Friday, December 22nd. Deutsche Bank initiated coverage on shares of American Express in a report on Tuesday. They set a “buy” rating and a $118.00 target price on the stock. Finally, Instinet initiated coverage on shares of American Express in a report on Wednesday. They set a “buy” rating and a $110.00 target price on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. American Express presently has an average rating of “Hold” and an average price target of $96.68.

American Express (NYSE AXP) opened at $101.08 on Thursday. The firm has a market cap of $87,537.41, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.48 and a beta of 1.22. American Express has a fifty-two week low of $74.82 and a fifty-two week high of $101.65. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.

Several hedge funds have recently added to or reduced their stakes in AXP. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of American Express by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after acquiring an additional 300 shares in the last quarter. Capital Analysts LLC acquired a new position in shares of American Express in the second quarter valued at about $115,000. Zions Bancorporation grew its stake in shares of American Express by 912.9% in the third quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after acquiring an additional 1,205 shares in the last quarter. MV Capital Management Inc. grew its stake in shares of American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after acquiring an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of American Express by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 83.35% of the company’s stock.

In related news, EVP Linda Zukauckas sold 3,196 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $95.42, for a total value of $304,962.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now owns 28,720 shares in the company, valued at $2,682,735.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,869 shares of company stock worth $42,823,869. Corporate insiders own 0.67% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. American Express’s dividend payout ratio is currently 26.97%.

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American Express 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).

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