American Express is expected to post earnings of $ 7.67 per share for fiscal 2021 (NYSE: AXP)

American Express (NYSE: AXP) – William Blair’s research analysts increased their FY2021 EPS estimates for American Express in a report released on Wednesday, June 16. William Blair analyst R. Napoli now expects the payment services company to post a profit of $ 7.67 per share for the year, up from its previous estimate of 7. $ 27. William Blair also released American Express earnings estimates for fiscal 2022 at $ 9.13 per share and earnings for fiscal 2023 at $ 10.56 per share.

AXP has been the subject of a number of other reports. Oppenheimer raised its price target for American Express shares from $ 128.00 to $ 165.00 and gave the company an “outperformance” rating in a research note on Monday, April 26. Zacks investment research downgraded American Express from a “hold” rating to a “sell” rating and set a price target of $ 138.00 for the company. in a report on Monday February 22. Barclays increased its price target on American Express from $ 139.00 to $ 146.00 and gave the company an “equal weight” rating in a research note on Monday, April 26. Wells Fargo & Company raised its target price on American Express from $ 165 to $ 185 and rated the stock “overweight” in a research note on Monday, June 7. Finally, Deutsche Bank Aktiengesellschaft raised its price target on American Express from $ 131.00 to $ 158.00 and gave the company a “buy” rating in a research note on Monday April 26. Three equity research analysts gave the stock a sell rating, seven assigned a conservation rating, and nine gave the company a buy rating. The stock currently has a consensus rating of “Hold” and an average price target of $ 131.11.

American Express stock opened at $ 164.68 on Thursday. The company has a market cap of $ 132.29 billion, a price / earnings ratio of 27.04, a P / E / G ratio of 1.64, and a beta of 1.30. The company has a 50-day moving average of $ 155.91. The company has a debt to equity ratio of 1.72, a quick ratio of 1.51, and a current ratio of 1.51. American Express has a one-year minimum of $ 89.11 and a one-year maximum of $ 167.14. American Express (NYSE: AXP) last released its quarterly earnings data on Thursday, April 22. The payment services company reported earnings per share of $ 2.74 for the quarter, beating the Zacks’ consensus estimate of $ 1.61 by $ 1.13. American Express had a return on equity of 18.49% and a net margin of 14.29%. The company posted revenue of $ 9.06 billion in the quarter, compared to a consensus estimate of $ 9.19 billion. During the same period of the previous year, the company reported earnings per share of $ 0.41. American Express quarterly revenue was down 12.1% year-on-year.

Several institutional investors have recently changed their holdings to AXP. GPS Wealth Strategies Group LLC purchased a new position in American Express shares during the first quarter valued at approximately $ 27,000. Baron Silver Stevens Financial Advisors LLC purchased a new position in American Express during the 4th quarter valued at $ 29,000. Geo Capital Gestora de Recursos Ltd increased its stake in American Express shares by 92.6% in the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 208 shares of the payment services company valued at $ 29,000 after acquiring an additional 100 shares in the last quarter. Annapolis Financial Services LLC purchased a new stake in American Express shares in the fourth quarter valued at approximately $ 33,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in American Express shares during the first quarter valued at approximately $ 35,000. 84.18% of the shares are held by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 10. Shareholders of record on Friday, July 2 will receive a dividend of $ 0.43 per share. The ex-dividend date is Thursday July 1. This represents a dividend of $ 1.72 on an annualized basis and a return of 1.04%. American Express’s dividend payout ratio (DPR) is currently 32.21%.

About American Express

American Express Company, along with its subsidiaries, provides payment and credit card products, as well as travel-related services around the world. The company operates through three segments: Global Consumer Services Group, Global Commercial Services and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Historical and earnings estimates for American Express (NYSE: AXP)

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