American Express (AXP) Expected to Announce Earnings on Friday

American Express (NYSE:AXP) is expected to post its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect American Express to post earnings of $3.00 per share and revenue of $17,173,946.56 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

American Express Stock Performance

American Express stock opened at $322.48 on Thursday. The firm has a fifty day simple moving average of $300.24 and a two-hundred day simple moving average of $273.36. American Express has a twelve month low of $184.81 and a twelve month high of $322.82. The company has a market capitalization of $227.17 billion, a PE ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 1.23. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Insider Activity at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AXP. Monness Crespi & Hardt raised their price target on shares of American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Compass Point boosted their price target on American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Evercore ISI increased their price objective on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a report on Monday, October 7th. The Goldman Sachs Group boosted their target price on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $278.09.

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.