American Express (NYSE:AXP) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share guidance of $8.85-9.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.99. American Express also updated its FY 2020
Pre-Market guidance to 8.85-9.25 EPS.

Shares of AXP stock traded up $3.05 on Friday, hitting $134.42. The stock had a trading volume of 6,324,893 shares, compared to its average volume of 2,432,110. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.54. The business has a 50 day moving average price of $125.64 and a 200 day moving average price of $121.89. The company has a market cap of $107.59 billion, a PE ratio of 16.25, a P/E/G ratio of 1.38 and a beta of 1.05. American Express has a one year low of $99.38 and a one year high of $132.27.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.03. The firm had revenue of $11.37 billion during the quarter, compared to the consensus estimate of $11.36 billion. American Express had a return on equity of 29.68% and a net margin of 16.51%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. Equities research analysts expect that American Express will post 8.14 EPS for the current year.

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

Several analysts recently weighed in on AXP shares. ValuEngine downgraded American Express from a hold rating to a sell rating in a report on Wednesday, December 4th. Wells Fargo & Co restated a buy rating on shares of American Express in a report on Friday, December 6th. Nomura lifted their price objective on American Express from to and gave the company a buy rating in a report on Monday, January 13th. William Blair restated an outperform rating on shares of American Express in a report on Tuesday, December 10th. Finally, BMO Capital Markets lifted their price objective on American Express from $119.00 to $123.00 and gave the company a market perform rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $129.74.

In other American Express news, CEO Stephen J. Squeri sold 15,000 shares of American Express stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $117.96, for a total value of $1,769,400.00. Following the transaction, the chief executive officer now owns 184,090 shares in the company, valued at $21,715,256.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by 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 and Estimates for American Express (NYSE:AXP)

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