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

American Express (NYSE:AXP) updated its FY 2019 earnings guidance on Friday. 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.

Several research firms recently weighed in on AXP. UBS Group downgraded American Express from a buy rating to a neutral rating and set a $117.60 price target on the stock. in a research note on Monday, April 29th. JPMorgan Chase & Co. cut their price target on American Express from $135.00 to $132.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Deutsche Bank began coverage on American Express in a research note on Monday, July 8th. They issued a buy rating and a $142.00 price target on the stock. Stephens set a $131.00 price target on American Express and gave the stock a buy rating in a research note on Monday, May 20th. Finally, Morgan Stanley upgraded American Express from an equal weight rating to an overweight rating and set a $140.00 price target on the stock in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. American Express has an average rating of Hold and an average price target of $124.38.

AXP stock traded up $0.88 during midday trading on Friday, hitting $126.17. The company’s stock had a trading volume of 1,769,624 shares, compared to its average volume of 3,480,191. The stock has a market capitalization of $102.50 billion, a P/E ratio of 17.21, a PEG ratio of 1.39 and a beta of 1.05. American Express has a 12 month low of $89.05 and a 12 month high of $129.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84. The business has a 50-day simple moving average of $125.52.

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 business had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.82 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. On average, equities analysts predict that American Express will post 8.14 earnings per share for the current year.

In related news, CFO Jeffrey C. Campbell sold 6,500 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 68,379 shares of the company’s stock, valued at approximately $8,405,830.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey C. Campbell sold 7,045 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $124.91, for a total value of $879,990.95. Following the completion of the transaction, the chief financial officer now directly owns 59,620 shares in the company, valued at $7,447,134.20. The disclosure for this sale can be found here. Insiders have sold a total of 190,548 shares of company stock worth $22,910,322 over the last three months. Insiders own 0.21% of the company’s stock.

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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