American Express (AXP) Earns News Sentiment Score of 0.14
Press coverage about American Express (NYSE:AXP) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the payment services company an impact score of 45.9917113061619 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Survey Finds Nearly 3 In 5 U.S. Consumers And 4 In 5 Young Adults Use Person-To-Person Payment Services (prweb.com)
- Stock Buzz – American Express Company (AXP) – android media cell (androidmediacell.com)
- Ken Chenault to Join General Catalyst (prnewswire.com)
- Stock Roundup – American Express Company (AXP) – android media cell (androidmediacell.com)
- AmEx’s Chenault on his legacy, diversity, joining Facebook (marketbeat.com)
AXP has been the topic of a number of research analyst reports. Stephens set a $97.00 price objective on shares of American Express and gave the company a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Friday, January 12th. Credit Suisse Group restated an “underperform” rating and set a $84.00 target price (up from $79.00) on shares of American Express in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, January 11th. Finally, Oppenheimer set a $99.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. American Express presently has a consensus rating of “Hold” and a consensus target price of $101.08.
American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The business had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. research analysts anticipate that American Express will post 7.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.40%. American Express’s dividend payout ratio (DPR) is 46.82%.
In other news, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the transaction, the insider now directly owns 92,504 shares in the company, valued at approximately $9,199,522.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $94.34, for a total transaction of $518,870.00. The disclosure for this sale can be found here. In the last three months, insiders sold 318,254 shares of company stock valued at $31,059,302. Corporate insiders own 0.67% of the company’s stock.
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American Express Company Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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