Equities research analysts expect American Express (NYSE:AXP) to announce $10.03 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for American Express’ earnings, with the lowest sales estimate coming in at $9.94 billion and the highest estimate coming in at $10.09 billion. American Express posted sales of $8.44 billion in the same quarter last year, which suggests a positive year over year growth rate of 18.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 18th.

According to Zacks, analysts expect that American Express will report full-year sales of $40.25 billion for the current fiscal year, with estimates ranging from $40.05 billion to $40.47 billion. For the next financial year, analysts anticipate that the business will report sales of $43.17 billion, with estimates ranging from $42.84 billion to $43.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover American Express.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, July 18th. The payment services company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. American Express had a net margin of 9.23% and a return on equity of 30.08%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the business posted $1.47 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year.

AXP has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of American Express from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Wells Fargo & Co upped their price objective on shares of American Express from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Royal Bank of Canada restated a “sell” rating and issued a $87.00 price objective on shares of American Express in a report on Thursday, July 19th. Jefferies Financial Group restated a “hold” rating and issued a $105.00 price objective on shares of American Express in a report on Monday, July 16th. Finally, Buckingham Research upgraded shares of American Express from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $111.00 to $112.00 in a report on Friday, June 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $109.98.

In other American Express news, insider Marc D. Gordon sold 25,948 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the sale, the insider now directly owns 33,111 shares in the company, valued at approximately $3,570,359.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Scott Murcray bought 350,000 shares of American Express stock in a transaction on Monday, September 3rd. The shares were acquired at an average price of $0.28 per share, for a total transaction of $98,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 47,448 shares of company stock worth $4,942,168. 0.20% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in AXP. Destination Wealth Management increased its position in shares of American Express by 165.4% in the 2nd quarter. Destination Wealth Management now owns 1,059 shares of the payment services company’s stock valued at $104,000 after purchasing an additional 660 shares during the last quarter. Tuttle Tactical Management purchased a new stake in shares of American Express in the 2nd quarter valued at approximately $105,000. Lenox Wealth Advisors LLC increased its position in shares of American Express by 1,173.8% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,070 shares of the payment services company’s stock valued at $114,000 after purchasing an additional 986 shares during the last quarter. Kiley Juergens Wealth Management LLC purchased a new stake in shares of American Express in the 2nd quarter valued at approximately $148,000. Finally, Guidant Wealth Advisors increased its position in shares of American Express by 280.7% in the 2nd quarter. Guidant Wealth Advisors now owns 807 shares of the payment services company’s stock valued at $150,000 after purchasing an additional 595 shares during the last quarter. 82.85% of the stock is currently owned by institutional investors.

Shares of AXP stock traded up $1.42 during trading hours on Friday, hitting $103.00. The company had a trading volume of 4,852,793 shares, compared to its average volume of 3,543,294. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.92 and a current ratio of 1.92. American Express has a fifty-two week low of $87.54 and a fifty-two week high of $111.77. The firm has a market cap of $91.69 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.47 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, October 4th. This is a positive change from American Express’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a yield of 1.51%. American Express’s dividend payout ratio is 26.58%.

American Express announced that its board has initiated a share buyback program on Thursday, June 28th that allows the company to buyback $3.40 billion in outstanding shares. This buyback authorization allows the payment services company to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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

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