American Express (AXP) Projected to Post Quarterly Earnings on Thursday

American Express (NYSE:AXP) is projected to release its earnings data before the market opens on Thursday, April 17th. Analysts expect American Express to post earnings of $3.47 per share and revenue of $17.04 billion for the quarter. American Express has set its FY 2025 guidance at 15.000-15.500 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, analysts expect American Express to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

American Express Price Performance

Shares of AXP opened at $262.92 on Thursday. The company has a market capitalization of $184.71 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.41 and a beta of 1.16. The business’s 50-day moving average is $281.71 and its two-hundred day moving average is $288.51. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express has a fifty-two week low of $214.51 and a fifty-two week high of $326.28.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be given a dividend of $0.82 per share. This is a boost from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, April 4th. American Express’s dividend payout ratio (DPR) is currently 23.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXP shares. Robert W. Baird raised shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price objective on the stock in a research note on Friday, March 14th. Citigroup dropped their price target on shares of American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. The Goldman Sachs Group decreased their price objective on shares of American Express from $367.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley raised their target price on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Finally, Monness Crespi & Hardt upped their price target on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $299.24.

Insider Transactions at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Angelakis bought 3,700 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $269.89 per share, with a total value of $998,593.00. Following the purchase, the director now owns 3,700 shares of the company’s stock, valued at $998,593. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Express stock. Brighton Jones LLC increased its holdings in shares of American Express (NYSE:AXP) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,481 shares of the payment services company’s stock after buying an additional 1,273 shares during the period. Brighton Jones LLC’s holdings in American Express were worth $1,924,000 at the end of the most recent quarter. 84.33% of the stock is owned by institutional investors.

About American Express

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.