American Express Company (AXP) EPS Estimated At $1.47

September 17, 2017 - By Nellie Frank

 American Express Company (AXP) EPS Estimated At $1.47
Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.02, from 0.86 in 2016Q3. It turned negative, 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.
Barrett Asset Mngmt Ltd Co invested in 29,548 shares. Capstone Investment Advsr Ltd Liability reported 80 shares. Haverford Trust invested in 0.05% or 25,657 shares. 9,195 are owned by Penobscot Inv Management. Orrstown Fin Svcs holds 1.18% or 16,003 shares in its portfolio. The Tennessee-based Patten And Patten Inc Tn has invested 0.11% in American Express Company (NYSE:AXP). Welch And Forbes Lc holds 45,074 shares or 0.1% of its portfolio. Marathon Asset Limited Liability Partnership reported 601,385 shares. Douglass Winthrop Advsr Limited Liability owns 444,160 shares or 2.22% of their US portfolio. First Quadrant Limited Partnership Ca has invested 0.14% in American Express Company (NYSE:AXP). King Luther Cap Mngmt owns 89,127 shares. Blackrock Japan Limited holds 1.05M shares or 0.26% of its portfolio. State Of Tennessee Treasury Department, a Tennessee-based fund reported 430,785 shares. Pioneer Inc invested in 394,451 shares. Profund Advsrs Limited Liability Company holds 0.1% or 29,381 shares in its portfolio.

Since April 28, 2017, it had 0 insider purchases, and 2 insider sales for $614,932 activity. On Friday, April 28 Buckminster Douglas E. sold $237,720 worth of American Express Company (NYSE:AXP) or 3,000 shares. Shares for $377,212 were sold by GORDON MARC D.

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 18. They expect $1.47 EPS, 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 EPS 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. The stock of American Express Company (NYSE:AXP) has “Sell” rating given on Friday, January 22 by UBS. Topeka Capital Markets initiated the stock with “Hold” rating in Monday, November 9 report. The rating was maintained by Wood with “Buy” on Tuesday, April 11. The company was maintained on Friday, August 18 by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating given on Monday, January 25 by Morgan Stanley. The stock of American Express Company (NYSE:AXP) has “Overweight” rating given on Tuesday, January 17 by JP Morgan. The firm has “Market Perform” rating given on Friday, January 22 by Keefe Bruyette & Woods. The rating was upgraded by Bank of America on Monday, January 9 to “Buy”. The firm earned “Buy” rating on Thursday, September 17 by Janney Capital. As per Thursday, October 22, the company rating was maintained by Credit Suisse.

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: Forbes.com which released: “American Express Has Regained Ground In The US Card Market, But Competition …” on September 15, 2017, also Seekingalpha.com with their article: “American Express: Income Is The Main Attractive Factor” published on September 08, 2017, Marketwatch.com published: “American Express is making a major change — because of millennials” on August 29, 2017. More interesting news about American Express Company (NYSE:AXP) were released by: Fool.com and their article: “Is the American Express Company’s Dividend Safe?” published on August 27, 2017 as well as Seekingalpha.com‘s news article titled: “American Express: The Tailwinds Will Eventually Prevail Over The Headwinds” with publication date: August 22, 2017.

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