American Express (NYSE:AXP) Updates FY20 Earnings Guidance
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.
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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