American Express (NYSE:AXP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.90-7.30 for the period, compared to the Thomson Reuters consensus estimate of $7.29.
American Express (AXP) traded up $0.42 during trading on Thursday, reaching $100.76. The company had a trading volume of 4,469,600 shares, compared to its average volume of 2,982,700. American Express has a twelve month low of $75.39 and a twelve month high of $102.39. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $86,680.00, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.22.
American Express (NYSE:AXP) last posted its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. equities research analysts predict that American Express will post 5.85 EPS for the current year.
Several equities analysts recently commented on AXP shares. Buckingham Research started coverage on American Express in a research report on Monday, October 2nd. They set a neutral rating and a $92.00 target price for the company. Credit Suisse Group restated a sell rating and set a $79.00 target price on shares of American Express in a research report on Wednesday, October 4th. Bank of America reiterated a buy rating and issued a $102.00 price objective on shares of American Express in a report on Monday, October 9th. Wells Fargo & Co initiated coverage on American Express in a report on Tuesday, October 10th. They issued an outperform rating and a $105.00 price objective for the company. Finally, Compass Point cut American Express from a buy rating to a neutral rating in a report on Thursday, October 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $98.96.
In other news, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at approximately $114,651,800.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Peter Bush sold 12,789 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the sale, the insider now directly owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. In the last three months, insiders sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: “American Express (AXP) Releases FY18 Earnings Guidance” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://weekherald.com/2018/01/18/american-express-axp-releases-fy18-earnings-guidance.html.
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).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.