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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express' : Profit Falls, Revenue Increases

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01/24/2020 | 07:46am EST

By Allison Prang

American Express Co.'s fourth-quarter profit declined from a year ago but its revenue increased.

The credit-card company's profit was $1.69 billion for the quarter, down 16% from the comparable quarter a year ago. Earnings were $2.03 per share, 2 cents ahead of what analysts polled by FactSet were expecting.

A year earlier, American Express recorded an income-tax benefit, which helped earnings. For the fourth quarter of 2019, it reported income-tax expenses.

Total revenue net of interest expense were $11.37 billion, meeting analysts' consensus estimate. Revenue was up more than 8% from the comparable quarter a year ago.

Card member rewards costs increased year over year by over 8%.

The company expects earnings for 2020 to be between $8.85 and $9.25 a share and revenue, adjusted for foreign-exchange impact, to rise between 8% and 10%, Chief Executive and Chairman Stephen Squeri said in prepared remarks. Analysts are guiding for earnings to be within that range.

Write to Allison Prang at allison.prang@wsj.com

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Financials (USD)
Sales 2020 46 995 M
EBIT 2020 13 385 M
Net income 2020 7 194 M
Debt 2020 -
Yield 2020 1,30%
P/E ratio 2020 15,2x
P/E ratio 2021 13,7x
Capi. / Sales2020 2,35x
Capi. / Sales2021 2,20x
Capitalization 111 B
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Technical analysis trends AMERICAN EXPRESS COMPANY
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 140,66  $
Last Close Price 136,93  $
Spread / Highest target 16,1%
Spread / Average Target 2,72%
Spread / Lowest Target -12,4%
EPS Revisions
Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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