EPS for American Express Company (AXP) Expected At $1.47

September 17, 2017 - By Richard Conner

 EPS for American Express Company (AXP) Expected At $1.47
Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.02, from 0.86 in 2016Q3. It fall, as 73 investors sold American Express Company shares while 448 reduced holdings. 116 funds opened positions while 321 raised stakes. 729.39 million shares or 0.53% more from 725.57 million shares in 2016Q3 were reported.
Proshare Advsrs Ltd Liability holds 0.24% or 291,895 shares in its portfolio. Fayez Sarofim accumulated 2.48 million shares or 1.01% of the stock. St Germain D J Inc invested in 125,978 shares or 1.26% of the stock. 5,175 were reported by Castleark Management Ltd Liability Corporation. Hartford Fincl Mngmt invested 0.3% in American Express Company (NYSE:AXP). Benjamin F Edwards & has invested 0.23% in American Express Company (NYSE:AXP). Bowen Hanes owns 4,900 shares. Sheets Smith Wealth invested 0.13% of its portfolio in American Express Company (NYSE:AXP). Union Natl Bank Corporation reported 50,950 shares or 1.4% of all its holdings. Ajo Limited Partnership holds 0% in American Express Company (NYSE:AXP) or 3,469 shares. Usca Ria Ltd Com holds 43,233 shares. 8,648 were accumulated by Intrust Financial Bank Na. 18,356 are held by Howland Capital Management Lc. Rothschild Investment Corp Il reported 0.05% stake. Donaldson Capital Management Ltd Liability has invested 0.03% in American Express Company (NYSE:AXP).

Since April 28, 2017, it had 0 insider buys, and 2 sales for $614,932 activity. 3,000 shares were sold by Buckminster Douglas E., worth $237,720.

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 18. They expect $1.47 earnings per share, up 18.55 % or $0.23 from last year’s $1.24 per share. AXP’s profit will be $1.30 billion for 14.79 P/E if the $1.47 EPS becomes a reality. After $1.47 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. The stock increased 0.93% or $0.8 on September 15, reaching $86.99. About 7.79 million shares traded or 153.75% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since September 17, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

American Express Company (NYSE:AXP) Ratings Coverage

Among 32 analysts covering American Express Company (NYSE:AXP), 9 have Buy rating, 5 Sell and 18 Hold. Therefore 28% are positive. American Express Company had 70 analyst reports since July 23, 2015 according to SRatingsIntel. Guggenheim upgraded the shares of AXP in report on Wednesday, April 26 to “” rating. The company was maintained on Thursday, April 21 by Morgan Stanley. Evercore initiated American Express Company (NYSE:AXP) on Thursday, August 20 with “Hold” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, January 13 report. The company was initiated on Friday, September 9 by Atlantic Securities. The stock has “Neutral” rating by Piper Jaffray on Wednesday, November 25. As per Tuesday, October 13, the company rating was maintained by Barclays Capital. The firm has “Underperform” rating by Macquarie Research given on Thursday, April 21. Jefferies maintained American Express Company (NYSE:AXP) on Monday, May 1 with “Hold” rating. The rating was maintained by Janney Capital with “Buy” on Thursday, September 17.

American Express Company, together with its subsidiaries, is a global services company. The company has market cap of $76.90 billion. The Company’s principal services and products are charge and credit card products, and travel-related services, which are offered to clients and businesses around the world. It has a 17.81 P/E ratio. The Company’s divisions include the U.S.

More notable recent American Express Company (NYSE:AXP) news were published by: Seekingalpha.com which released: “American Express: Income Is The Main Attractive Factor” on September 08, 2017, also Marketwatch.com with their article: “American Express is making a major change — because of millennials” published on August 29, 2017, Bloomberg.com published: “American Express Targets Millennials With No-Fee Delta Credit Card” on September 06, 2017. More interesting news about American Express Company (NYSE:AXP) were released by: Seekingalpha.com and their article: “Goodbye American Express, Hello Synchrony Financial” published on August 19, 2017 as well as Fool.com‘s news article titled: “Is the American Express Company’s Dividend Safe?” with publication date: August 27, 2017.

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