American Express Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
American Express Company (NYSE:AXP) is scheduled to release its second-quarter financial results, before the opening bell on Friday, July 19.
Analysts expect the New York-based company to report quarterly earnings at $3.25 per share, up from $2.89 per share in the year-ago period. American Express will post revenue of $16.59 billion, compared to $15.05 billion a year earlier, according to data from Benzinga Pro.
On July 8, American Express declared a quarterly dividend on the Company’s 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,072.22 per share (which is equivalent to $9.07222 per related Depositary Share).
American Express shares fell 0.3% to close at $249.20 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Compass Point analyst David Rochester initiated coverage on the stock with a Neutral rating and a price target of $260 on July 16. This analyst has an accuracy rate of 71%.
- Wells Fargo analyst Donald Fandetti maintained an Overweight rating and increased the price target from $275 to $285 on July 9. This analyst has an accuracy rate of 73%.
- JP Morgan analyst Richard Shane maintained an Overweight rating and boosted the price target from $240 to $268 on July 8. This analyst has an accuracy rate of 70%.
- Citigroup analyst Keith Horowitz initiated coverage on the stock with a Neutral rating and a price target of $250 on June 10. This analyst has an accuracy rate of 82%.
- RBC Capital analyst Jon Arfstrom maintained an Outperform rating and raised the price target from $253 to $263 on May 1. This analyst has an accuracy rate of 82%.
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