Friday, 24 November, 2017

Will American Express (AXP) Disappoint Again in Q1 Earnings?

Will American Express (AXP) Disappoint Again in Q1 Earnings? Will American Express (AXP) Disappoint Again in Q1 Earnings?
Nellie Chapman | 20 April, 2017, 06:14

Currently, American Express is a Zacks Rank #3 (Hold) and is up 2.38% to $77.40 per share in trading shortly after its earnings report was released. Par Capital Management Inc owns 3.50 million shares or 0.25% of their United States portfolio.

American Express Co. just proved there's life beyond Costco. Hedge funds and other institutional investors own 85.36% of the company's stock.

Express Scripts Holding Company (NASDAQ:ESRX) last announced its quarterly earnings results on Tuesday, February 14th.

Looking forward, for the quarter ending Jun-17, 20 analysts have a mean sales target of 8,100.79 million. Earnings have been falling, but that was expected, but before missing its earnings estimate last quarter, American Express had posted four straight earnings beats that helped keep enthusiasm in the stock.

Brown Advisory Securities Llc increased Enterprise Prods Partners L (NYSE:EPD) stake by 12,984 shares to 68,957 valued at $1.86M in 2016Q4. Oakworth Capital Inc. increased its stake in shares of Express Scripts Holding Company by 0.6% in the third quarter. However, technicians believes that a higher ratio would indicate the likelihood of a constant augmentation of the company's share price. Independent Advisor Alliance purchased a new position in Express Scripts Holding Company during the fourth quarter valued at approximately $124,000.

Republic Services, Inc. (RSG) has a value of $62.77 per share, noted a price change of 0.93% in last trade session. In this case, shares are down -6.12% from $82, the 52-week high touched on March 01, 2017, and are keeping their losses at 25.67% for the past 12 months.

Currently, the market capitalization of American Express Company (AXP) is 69 Billion.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 9.34%, and has a solid year to date (YTD) performance of 4.36% which means the stock is constantly adding to its value from the previous fiscal year end price.

American Express Company (NYSE:AXP) performance over the past one year soared 23.51% whereas its year to date (YTD) performance indicated a bullish trend of 3.18%. Net write-offs including principal, interest and fees for its card-member loans increased to 2% in the first quarter from 1.8% a year ago.

03/06/2017 - American Express Company had its "outperform" rating reiterated by analysts at Oppenheimer. Archford Capital Strategies LLC now owns 2,157 shares of the company's stock worth $148,000 after buying an additional 1,216 shares during the last quarter. Shareholders of record on Friday, April 7th will be paid a dividend of $0.32 per share. It has a dividend yield of 1.67%.

American Express Company, together with its subsidiaries, is a global services company.

Shares of American Express Company (NYSE:AXP) dropped -1.15% to $75.80. If you are reading this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws. The original version of this piece can be accessed at https://www.com-unik.info/2017/04/14/american-express-company-axp-position-lowered-by-sol-capital-management-co.html.

AXP has been the subject of several recent analyst reports. 4,000 American Express Company (NYSE:AXP) shares with value of $318,940 were bought by Brennan John Joseph. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company now has an average rating of "Hold" and an average price target of $78.10.

"Our first-quarter performance marks a good start to the year with momentum in the consumer and commercial businesses in the US and in key markets internationally", American Express CEO Kenneth I. Chenault said in a news release. The stock was sold at an average price of $78.01, for a total value of $6,007,238.06.

American Express Company's ROI is valued at 4.20% relatively measuring the profitability on the investment. The disclosure for this sale can be found here.