American Express (AXP) Scheduled to Post Earnings on Friday

American Express (NYSE:AXP) is set to release its earnings data before the market opens on Friday, October 18th. Analysts expect American Express to post 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 participating in the company’s conference call can do so using this link.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. During the same quarter last year, the business earned $2.89 earnings per share. American Express’s revenue was up 9.2% compared to the same quarter last year. 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 NYSE:AXP opened at $277.31 on Wednesday. The firm’s 50 day moving average is $258.39 and its two-hundred day moving average is $242.87. American Express has a 52 week low of $140.91 and a 52 week high of $281.42. The firm has a market capitalization of $199.47 billion, a P/E ratio of 22.84, a PEG ratio of 1.50 and a beta of 1.21. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AXP. Royal Bank of Canada increased their price objective on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Monness Crespi & Hardt increased their price objective on shares of American Express from $265.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Bank of America increased their price objective on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. The Goldman Sachs Group increased their price objective on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Jefferies Financial Group increased their price objective on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, American Express presently has an average rating of “Hold” and an average price target of $242.33.

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.