American Express (NYSE:AXP) posted its quarterly earnings results on Friday. The payment services company reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.03, Briefing.com reports. American Express had a net margin of 16.51% and a return on equity of 29.68%. The company had revenue of $11.37 billion during the quarter, compared to analyst estimates of $11.36 billion. During the same period in the prior year, the business posted $1.84 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. American Express updated its FY 2020
Pre-Market guidance to 8.85-9.25 EPS and its FY20 guidance to $8.85-9.25 EPS.

Shares of NYSE:AXP traded up $3.22 during midday trading on Friday, reaching $134.59. The company’s stock had a trading volume of 4,049,095 shares, compared to its average volume of 2,432,110. The firm has a 50 day moving average of $125.64 and a 200-day moving average of $121.89. The firm has a market capitalization of $107.59 billion, a P/E ratio of 16.27, a PEG ratio of 1.38 and a beta of 1.05. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.54. American Express has a 12-month low of $99.38 and a 12-month high of $132.27.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a $0.43 dividend. The ex-dividend date is Thursday, January 2nd. This is an increase from American Express’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.28%. American Express’s dividend payout ratio is currently 23.47%.

AXP has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of American Express from $119.00 to $123.00 and gave the company a “market perform” rating in a report on Monday, October 21st. Cfra restated a “hold” rating on shares of American Express in a report on Friday, October 18th. ValuEngine lowered shares of American Express from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Oppenheimer set a $126.00 price objective on shares of American Express and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Wells Fargo & Co restated a “buy” rating on shares of American Express in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. American Express has an average rating of “Hold” and an average price target of $129.74.

In other news, CEO Stephen J. Squeri sold 15,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $117.96, for a total value of $1,769,400.00. Following the sale, the chief executive officer now directly owns 184,090 shares of the company’s stock, valued at approximately $21,715,256.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

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 for American Express (NYSE:AXP)

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