American Express (NYSE:AXP) – William Blair raised their Q4 2018 earnings estimates for shares of American Express in a research report issued to clients and investors on Friday. William Blair analyst R. Napoli now expects that the payment services company will post earnings of $1.85 per share for the quarter, up from their previous forecast of $1.79. William Blair 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 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 firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS.
American Express stock traded down $0.11 during midday trading on Monday, hitting $94.84. 200,551 shares of the company were exchanged, compared to its average volume of 3,999,212. 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 stock has a market cap of $81,588.84, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. American Express has a 1 year low of $75.51 and a 1 year high of $102.39.
Hedge funds have recently added to or reduced their stakes in the company. Certified Advisory Corp acquired a new stake in American Express during the 4th quarter worth approximately $101,000. Zions Bancorporation increased its position in shares of American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares during the last quarter. Trustcore Financial Services LLC purchased a new stake in shares of American Express in the 4th quarter valued at approximately $128,000. Westside Investment Management Inc. increased its position in shares of American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after purchasing an additional 8 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of American Express by 38.8% in the 2nd quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock valued at $132,000 after purchasing an additional 438 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.
In other news, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio (DPR) is presently 48.28%.
About American Express
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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