American Express (AXP) Issues FY19 Earnings Guidance

American Express (NYSE:AXP) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $7.83-8.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.12. The company issued revenue guidance of +8-10% (Approx $43.5-44.9 billion), compared to the consensus revenue estimate of $43.46 billion.American Express also updated its FY 2019 guidance to $7.85-8.35 EPS.

NYSE:AXP traded up $0.08 during mid-day trading on Thursday, reaching $99.49. The stock had a trading volume of 5,684,137 shares, compared to its average volume of 4,140,601. The stock has a market capitalization of $83.71 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.14 and a beta of 1.14. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.88 and a quick ratio of 1.88. American Express has a 12 month low of $87.54 and a 12 month high of $114.55.

American Express (NYSE:AXP) last posted its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.06 billion. American Express had a net margin of 9.51% and a return on equity of 31.26%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. As a group, analysts anticipate that American Express will post 7.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, January 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.57%. American Express’s payout ratio is presently 26.58%.

A number of analysts have weighed in on AXP shares. Bank of America set a $125.00 target price on shares of American Express and gave the stock a buy rating in a research note on Friday, October 19th. Nomura boosted their target price on shares of American Express from $128.00 to $130.00 and gave the stock a buy rating in a research note on Friday, October 19th. Oppenheimer reaffirmed a buy rating and set a $114.00 target price on shares of American Express in a research note on Thursday, October 18th. Zacks Investment Research raised shares of American Express from a hold rating to a buy rating and set a $120.00 target price on the stock in a research note on Tuesday, October 9th. Finally, Stephens set a $131.00 target price on shares of American Express and gave the stock a buy rating in a research note on Saturday, October 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $112.50.

In related news, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now owns 209,957 shares of the company’s stock, valued at $21,801,934.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

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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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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

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