American Express (AXP) Scheduled to Post Quarterly Earnings on Friday

American Express (NYSE:AXP) is scheduled to announce its earnings results before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $3.26 per share for the quarter. American Express has set its FY 2024 guidance at 13.300-13.800 EPS and its FY24 guidance at $13.30-13.80 EPS.Parties interested in registering for the company’s conference call can do so using this link.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.60 billion. During the same period in the previous year, the business earned $2.89 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts expect American Express to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

American Express Price Performance

Shares of American Express stock opened at $270.46 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 12 month low of $140.91 and a 12 month high of $276.79. The stock has a 50 day moving average of $255.13 and a 200 day moving average of $241.40. The firm has a market cap of $194.54 billion, a PE ratio of 22.28, a PEG ratio of 1.48 and a beta of 1.21.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.04%. American Express’s dividend payout ratio is currently 23.06%.

Analyst Ratings Changes

AXP has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Royal Bank of Canada upped their target price on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $268.00 to $286.00 in a research report on Monday. Finally, Bank of America raised their price objective on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $239.96.

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.