Azimuth Capital Management LLC now owns 14,015 shares of the payment services company's stock valued at $852,000 after buying an additional 270 shares during the last quarter. American Express Company has an EPS ratio of 5.65. They now have a United States dollars 67 price target on the stock. That means the share price went down -21.08% from its 52-week low and trades up 21.31% versus the highest price the stock has traded at during the previous year.
American Express (AXP) declared the launch of Amex for Developers, a new portal providing a single point of access to company APIs and developer resources in such categories as payment services, customized experiences, data intelligence and fraud prevention. The portal is launching with an initial set of products; ongoing releases are predictable to include additional products in new categories. American Express Company's (AXP) is a part of Financial sector and belongs to Credit Services industry. Sigma Planning Corp now owns 5,647 shares of the payment services company's stock worth $343,000 after buying an additional 736 shares during the last quarter. In addition, for the current month 18 number of analysts gave ratings for hold as compared to last month 19 number of analysts stood in same position. Nine equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company's stock. "Outperform View" rating was revealed by 2 and "Underperform Signal" rating was issued by 4.
Revenue fell shy of expectations in the second quarter, and has missed estimates in eight of the past 11 quarters. Average sales estimate is measured after the consensus analysis of 20 Analysts. On average, 28 analysts polled by Thomson Reuters expected earnings of $0.96 per share for the quarter.
08/08/2016 - American Express Company had its "buy" rating reiterated by analysts at Citigroup.
Other Hedge Funds, Including, Fox Run Management L.l.c. added AXP to its portfolio by purchasing 4,500 company shares during the most recent quarter which is valued at $273,870. Analysts had expected $8.32B in revenue. The difference in the numbers was $161.59M which caused a surprise factor of 1.92%.
Shares of American Express Company (NYSE:AXP) declined -0.47% to $59.90. Top-level EPS estimate is set at $1.04 while low-level EPS estimate among analysts is focused at $0.85. Wall Street is looking for adjusted earnings of $5.53 per share for the year. Higher EPS estimate is noted at $1.55 while lowest EPS estimate among analysts is targeted at $1.10.
We expect the tug of war between bulls and bears to intensify in the third quarter of 2016, which marks the first quarter that American Express will report excluding Costco. It has topped earnings-per-share estimates 83% of the time in its last 12 earnings reports.
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