American Express (AXP) Projected to Post Quarterly Earnings on Thursday

American Express (NYSE:AXP) will likely be issuing its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $17.04 billion for the quarter. American Express has set its FY 2025 guidance at 15.000-15.500 EPS.Investors interested in registering for the company’s conference call can do so using this link.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, analysts expect American Express to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

American Express Stock Performance

Shares of AXP opened at $257.87 on Wednesday. American Express has a 12-month low of $216.51 and a 12-month high of $326.28. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a market cap of $181.16 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. The stock has a 50-day moving average price of $276.48 and a 200-day moving average price of $288.09.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, April 4th. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.27%. American Express’s payout ratio is presently 23.41%.

Analyst Ratings Changes

A number of brokerages have recently commented on AXP. Citigroup decreased their price target on shares of American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Royal Bank of Canada increased their target price on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Evercore ISI lifted their price target on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. UBS Group increased their price objective on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price objective on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $296.81.

Insider Transactions at American Express

In other American Express news, Director Michael J. Angelakis purchased 3,700 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $269.89 per share, with a total value of $998,593.00. Following the completion of the purchase, the director now directly owns 3,700 shares of the company’s stock, valued at $998,593. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of American Express

An institutional investor recently raised its position in American Express stock. Brighton Jones LLC lifted its position in American Express (NYSE:AXP) by 24.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,481 shares of the payment services company’s stock after acquiring an additional 1,273 shares during the period. Brighton Jones LLC’s holdings in American Express were worth $1,924,000 as of its most recent SEC filing. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.