Q4 2017 EPS Estimates for American Express Company (AXP) Lifted by Analyst

American Express Company (NYSE:AXP) – Analysts at Jefferies Group lifted their Q4 2017 earnings per share estimates for American Express Company in a report released on Tuesday. Jefferies Group analyst J. Hecht now anticipates that the payment services company will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.39. Jefferies Group currently has a “Hold” rating and a $85.00 target price on the stock. Jefferies Group also issued estimates for American Express Company’s Q4 2018 earnings at $1.59 EPS.

Several other equities research analysts have also recently issued reports on AXP. BidaskClub raised shares of American Express Company from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Instinet reissued an “underperform” rating and issued a $80.00 price target on shares of American Express Company in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $91.00 price target on shares of American Express Company in a research report on Monday, April 10th. Credit Suisse Group reissued an “underperform” rating and issued a $80.00 price target on shares of American Express Company in a research report on Wednesday, July 5th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $80.00 price target on shares of American Express Company in a research report on Sunday, May 21st. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $83.53.

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Shares of American Express Company (NYSE AXP) traded down 0.42% during mid-day trading on Thursday, hitting $85.01. The stock had a trading volume of 1,690,927 shares. The stock’s 50-day moving average is $79.56 and its 200 day moving average is $78.20. The firm has a market cap of $75.98 billion, a PE ratio of 15.34 and a beta of 1.18. American Express Company has a 12 month low of $59.50 and a 12 month high of $85.88.

American Express Company (NYSE:AXP) last issued its quarterly earnings data on Wednesday, April 19th. The payment services company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.28 by $0.06. American Express Company had a return on equity of 25.24% and a net margin of 16.24%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of American Express Company by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after buying an additional 300 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of American Express Company by 6.7% in the second quarter. Eqis Capital Management Inc. now owns 13,614 shares of the payment services company’s stock valued at $1,147,000 after buying an additional 853 shares during the last quarter. Ledyard National Bank raised its position in shares of American Express Company by 17.7% in the second quarter. Ledyard National Bank now owns 5,973 shares of the payment services company’s stock valued at $503,000 after buying an additional 900 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of American Express Company by 500.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 124,789 shares of the payment services company’s stock valued at $10,512,000 after buying an additional 104,023 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of American Express Company by 5.2% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,077 shares of the payment services company’s stock valued at $428,000 after buying an additional 252 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

In other American Express Company news, insider Douglas E. Buckminster sold 3,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $79.24, for a total transaction of $237,720.00. Following the transaction, the insider now directly owns 55,486 shares in the company, valued at $4,396,710.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marc D. Gordon sold 4,900 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $76.98, for a total transaction of $377,202.00. The disclosure for this sale can be found here. Insiders have sold 54,850 shares of company stock worth $4,407,543 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Friday, July 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.28 annualized dividend and a yield of 1.50%. American Express Company’s payout ratio is currently 23.19%.

American Express Company 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).

Earnings History and Estimates for American Express Company (NYSE:AXP)

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