American Express (AXP) Releases FY18 Earnings Guidance

American Express (AXP) Releases FY18 Earnings Guidance

American Express announced that its board has approved a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $4.40 billion in shares.

Philadelphia Trust Company increased Nutanix Inc stake by 275,838 shares to 338,413 valued at $7.58M in 2017Q3. American Express Co now has $87.46B valuation. The stock decreased 0.59% or $0.26 during the last trading session, reaching $43.96.

Barr E S & Co decreased American Express Co (AXP) stake by 7.86% reported in 2017Q3 SEC filing. It has outperformed by 4.37% the S&P500. The company's stock had a trading volume of 5,290,672 shares, compared to its average volume of 3,150,000. The companyÂ's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. Leading up to this report, we have seen a 2.74% rise in the stock price over the last 30 days and a -0.98% decline over the past 3 months.

Average Volume is the amount of securities traded in a day on average over a specific time period. Western Refining Logistics, LP (NYSE:WNRL) has risen 17.46% since January 18, 2017 and is uptrending. It has outperformed by 14.31% the S&P500. Wellington Grp Llp holds 0% or 483,892 shares. Investure Ltd Liability Co holds 1.03% in American Express Company (NYSE:AXP) or 55,266 shares. Moreover, Stone Run Capital Llc has 1.36% invested in the company for 37,425 shares.

Outstanding shares are common stock authorized by a company that are issued, purchased, and held by investors. Alps, Colorado-based fund reported 18,525 shares. Visa (V) and Mastercard (MA), which both report earnings on February 1, were each down about 0.7%. The fourth quarter of previous year reportedly had EPS of $0.88 and $8.02 billion in revenue. They are also projecting the Low EPS estimate of $1.4 and the High EPS estimate of $1.83. Keefe Bruyette & Woods has "Buy" rating and $95.0 target.

When we look at the Analyst Recommendations of the stock, the company has 2.47 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. These Revenue projections are a consensus of 19 Analysts. The stock has a market cap of 86.9 Billion.

The market experts are predicting a 29.02% rally, based on the high target price ($130) for American Express Company shares that is likely to be hit in the 52 weeks.

Excluding one-time items, AmEx earned $1.58 per share.


The $2.6 billion charge includes about $2 billion tax recognized on deemed repatriations of certain overseas earnings and roughly $600 million related to the remeasurement of U.S. net deferred tax assets. The business's quarterly revenue was up 10.2% on a year-over-year basis. research analysts forecast that American Express will post 5.85 earnings per share for the current year.

Investors sentiment decreased to 1.01 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. 34 funds opened positions while 92 raised stakes. Hermes Inv Limited has 4,950 shares for 0.01% of their portfolio. Bluecrest Capital Management Limited invested in 88,822 shares. Ashfield Ltd Limited Liability Company holds 14,334 shares. Cornercap Investment Counsel Incorporated holds 2,424 shares or 0.03% of its portfolio.

American Express Company, together with its subsidiaries, is a global services company. Lvw Limited Com holds 3,744 shares.

American Express Company (NYSE:AXP)'s Price Change % over the last week is -.45%. Old Second Bancorporation Of Aurora accumulated 210 shares or 0.01% of the stock. Meritage Portfolio has invested 0.03% of its portfolio in American Express Company (NYSE:AXP). Cornerstone Capital Mgmt Hldgs Llc holds 145,891 shares. Apg Asset Mngmt Nv accumulated 54,000 shares. 2,427 are owned by At National Bank.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. Duff Phelps Mngmt Communications stated it has 100,900 shares. Zacks Investment Research raised American Express from a hold rating to a buy rating and set a $107.00 price target for the company in a research note on Wednesday, November 1st. Therefore 50% are positive. American Express now has an average rating of "Hold" and a consensus target price of $100.08. Finally, Credit Suisse Group reiterated a "sell" rating and issued a $79.00 price target on shares of American Express in a report on Wednesday, October 4th. The stock of American Express Company (NYSE:AXP) earned "Hold" rating by Barclays Capital on Thursday, January 11. The firm earned "Underperform" rating on Friday, January 22 by Oppenheimer. The company was downgraded on Wednesday, January 11 by Wells Fargo. As per Friday, January 12, the company rating was downgraded by JP Morgan. Finally, looking back over the past year-to-date, American Express Company (NYSE:AXP)'s Price Change % is 1.46%.

Stephens has a Hold rating and a $97 price target.

Since July 31, 2017, it had 0 buys, and 11 selling transactions for $38.86 million activity. Another trade for 3,391 shares valued at $322,145 was sold by Bush James Peter. Gupta Ashwini also sold $5.63M worth of American Express Company (NYSE:AXP) shares. The insider Sobbott Susan sold $506,340. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Related Articles

  • Svitolina beats Kostyuk, reaches fourth round of Australian Open

    Svitolina beats Kostyuk, reaches fourth round of Australian Open

    Svitolina will next play Denisa Allertova , who defeated Magda Linette 6-1, 6-4 earlier in the day at Margaret Court Arena. I don't know how to say how I am feeling".
    Trump blames US Senator Durbin for blowing immigration deal

    Trump blames US Senator Durbin for blowing immigration deal

    She said the news upset her parents, who once met Vice President Pence and told him they were praying for him. Durbin said the White House should release any recording of the conversation that might exist.
    NBA All-Star Voting Results 2018: Starters, Rosters & Captains

    NBA All-Star Voting Results 2018: Starters, Rosters & Captains

    However, it is clear they acknowledge his status as one of the NBA's elite players more than his fellow peers and media do. The starters will be chosen by a combination of 50 percent fan vote, 25 percent media vote and 25 percent player vote.
  • New Zealand beats Pakistan by 15 runs in 5th ODI

    New Zealand beats Pakistan by 15 runs in 5th ODI

    Pakistan slumped to 31-3 before Sohail (63) and Shadab (54) rebuilt the innings with a 105-run partnership for the sixth wicket. Opener Martin Guptill raised his 13th ODi century, 12 innings since his previous ton against South Africa last March.

    Wells Fargo & Co Upgrades Dicks Sporting Goods (NYSE:DKS) to "Outperform"

    It has underperformed by 18.05% the S&P500. 5 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Tributary Capital Management Llc sold 29,200 shares as the company's stock declined 18.06% while stock markets rallied.
    Fact Check: Trump's Claim That a Shutdown Would Hurt the Military

    Fact Check: Trump's Claim That a Shutdown Would Hurt the Military

    The bill will face a tight vote in the Senate as Republicans only hold a single-seat majority. Trump accused the Democrats of putting the military at risk.
  • Yes Bank Third-Quarter Profit Soars 22%

    Yes Bank Third-Quarter Profit Soars 22%

    The lender reported gross non-performing assets at 1.72% as at end December compared with 1.82% in September. Its provision coverage ratio was 46.4% as at December compared with 43.3% in the preceding quarter.

    Alliance Data Systems (ADS) Given a $304.00 Price Target by Stephens Analysts

    Oppenheimer has "Sell" rating and $19100 target. (NASDAQ:ASNA) earned "Neutral" rating by Citigroup on Tuesday, September 20. Bankshares Of America De has 0% invested in Triumph Group, Inc. 22,397 are held by Archford Capital Strategies Ltd Com.
    As more call for resignation, Gov. Eric Greitens issues new personal apology

    As more call for resignation, Gov. Eric Greitens issues new personal apology

    Nate Walker of Kirksville, Marsha Haefner of Oakville, Steve Cookson of Poplar Bluff and Kathie Conway of St. Her attorneys have said she was recorded without her permission and is asking for privacy.
  • Michelle Obama Thanks Husband, Fans For The

    Michelle Obama Thanks Husband, Fans For The "Warm" Birthday Wishes

    The two previously married in October 1992 and are parents to two daughters, Malia, 19, and Sasha, 16. Happy Birthday, @MichelleObama", he wrote alongside a picture of him looking lovingly at Michelle.

    National Pension Service Grows Position in Prudential Financial Inc (PRU)

    British Columbia Inv Management accumulated 220,914 shares or 0.03% of the stock. 530,000 are held by Growth Limited Partnership. Their average price target spell out an upbeat performance - a 2% and would give PRU a market capitalization of almost $53.07B.
    SC Constitution bench begins hearing on Aadhaar

    SC Constitution bench begins hearing on Aadhaar

    Referring to the stand taken by the government, the bench asked Divan that Aadhaar was beneficial to people to get benefits of social welfare schemes as the money would directly reach them.