American Express (NYSE:AXP) Issues FY 2019 Earnings Guidance

American Express (NYSE:AXP) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided EPS guidance of $7.85-8.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.13. The company issued revenue guidance of $43.56504-44.3718 billion, compared to the consensus revenue estimate of $43.57 billion.American Express also updated its FY19 guidance to $7.85-8.35 EPS.

NYSE:AXP opened at $124.82 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.63. The company has a 50 day simple moving average of $123.42. The company has a market capitalization of $104.23 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. American Express has a 12-month low of $89.05 and a 12-month high of $129.34.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 19th. The payment services company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.02. The firm had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.82 billion. American Express had a return on equity of 29.86% and a net margin of 16.60%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. On average, equities research analysts forecast that American Express will post 8.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.56 annualized dividend and a yield of 1.25%. American Express’s dividend payout ratio is 21.28%.

Several analysts have issued reports on AXP shares. UBS Group started coverage on Molecular Templates in a research note on Monday, April 29th. They issued a buy rating and a $12.00 price objective on the stock. William Blair restated an outperform rating on shares of American Express in a research note on Tuesday, June 18th. Bank of America decreased their target price on Canopy Growth from $80.00 to $75.00 and set a buy rating on the stock in a research report on Wednesday, June 19th. Wells Fargo & Co upped their target price on Apollo Global Management from $38.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, July 10th. Finally, Morgan Stanley set a $226.00 target price on S&P Global and gave the company a hold rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. American Express currently has a consensus rating of Hold and a consensus price target of $123.03.

In related news, insider Michael John O’neill sold 15,749 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the sale, the insider now owns 69,941 shares of the company’s stock, valued at $7,969,077.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey C. Campbell sold 6,500 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.93, for a total value of $799,045.00. Following the sale, the chief financial officer now directly owns 68,379 shares in the company, valued at approximately $8,405,830.47. The disclosure for this sale can be found here. Insiders sold 183,797 shares of company stock worth $21,861,060 in the last ninety days. 0.21% of the stock is owned by company insiders.

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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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