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

American Express (NYSE:AXP) updated its FY 2019 earnings guidance on Friday. The company provided earnings per share guidance of $7.85-8.35 for the period, compared to the Thomson Reuters consensus earnings per share 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.

A number of brokerages have weighed in on AXP. Deutsche Bank reiterated a buy rating and issued a $80.00 price objective on shares of Bayerische Motoren Werke in a research report on Monday, July 8th. Bank of America reduced their price target on shares of Canopy Growth from $80.00 to $75.00 and set a buy rating for the company in a research report on Wednesday, June 19th. Royal Bank of Canada set a $60.00 price target on shares of Masonite International and gave the stock a buy rating in a research report on Friday, May 3rd. ValuEngine downgraded shares of Wolverine World Wide from a hold rating to a sell rating in a research report on Monday, May 20th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 1,453 ($18.99) price target on shares of in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $123.03.

NYSE AXP traded down $3.58 during trading hours on Friday, hitting $124.82. 7,814,122 shares of the company’s stock traded hands, compared to its average volume of 2,890,161. American Express has a 52-week low of $89.05 and a 52-week high of $129.34. The company has a market cap of $107.22 billion, a P/E ratio of 17.03, a PEG ratio of 1.48 and a beta of 1.07. 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’s 50-day moving average is $123.42.

American Express (NYSE:AXP) last announced 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. American Express had a net margin of 16.60% and a return on equity of 29.86%. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter in the prior year, the company earned $1.84 EPS. American Express’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that American Express will post 8.12 EPS for the current year.

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

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

About American Express

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.

Featured Story: Growth Stocks

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

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.