American Express (NYSE:AXP) – Analysts at William Blair increased their Q4 2018 EPS estimates for shares of American Express in a research note issued on Friday. William Blair analyst R. Napoli now expects that the payment services company will earn $1.85 per share for the quarter, up from their prior estimate of $1.79. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for American Express’ Q1 2019 earnings at $1.96 EPS, Q2 2019 earnings at $2.02 EPS, Q3 2019 earnings at $2.05 EPS and Q4 2019 earnings at $2.12 EPS.
American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. The business had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. American Express had a return on equity of 26.00% and a net margin of 8.08%. American Express’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share.
American Express stock opened at $95.61 on Monday. The company has a market capitalization of $82,251.27, a PE ratio of 32.97, a P/E/G ratio of 1.31 and a beta of 1.16. American Express has a 52 week low of $75.51 and a 52 week high of $102.39. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.93 and a quick ratio of 1.93.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, April 5th. American Express’s dividend payout ratio (DPR) is currently 48.28%.
In other news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the sale, the insider now directly owns 100,790 shares in the company, valued at $9,942,933.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of American Express by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock worth $12,948,000 after purchasing an additional 6,709 shares during the last quarter. Westpac Banking Corp grew its holdings in shares of American Express by 2.2% during the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock worth $22,044,000 after purchasing an additional 5,252 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of American Express during the third quarter worth about $5,505,000. Shelton Capital Management bought a new stake in shares of American Express during the second quarter worth about $670,000. Finally, Schroder Investment Management Group grew its holdings in shares of American Express by 17.5% during the third quarter. Schroder Investment Management Group now owns 1,416,401 shares of the payment services company’s stock worth $127,674,000 after purchasing an additional 211,304 shares during the last quarter. Institutional investors own 84.13% of the company’s stock.
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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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