Saturday, 24 June, 2017

American Express shares higher on company's EPS, sales beat

American Express profit falls 13 percent but tops forecasts Analytical Approach on: American Express Company (NYSE:AXP)
Mae Harvey | 20 April, 2017, 09:31

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of American Express Company (NYSE:AXP). The stock is presently trading down its SMA-50 of $3.86.

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers' compensation plans and government health programs. Signaturefd Llc acquired 8,440 shares as Express Scripts Hldg Co (ESRX)'s stock declined 1.67%. American Express Company updated its FY17 guidance to $5.60-5.80 EPS.

Among 16 analysts covering Express Scripts (NASDAQ:ESRX), 6 have Buy rating, 3 Sell and 7 Hold. Capital Guardian Trust Co. raised its position in shares of American Express Company by 23.6% in the fourth quarter. Finally, Massey Quick & Co. American Express Company earned a coverage optimism score of 0.17 on Alpha One's scale. Institutional investors own 81.71% of the company's stock. American Express Company's revenue was down 4.4% on a year-over-year basis. The stock has a market cap of $68.09 billion, a price-to-earnings ratio of 13.37 and a beta of 1.19.

Fundamentalists and value investors are seeing the low ratio of 2.09 as more positive - demonstrating that the company has a great deal of revenue with a fair price. The stock's 50 day moving average price is $67.06 and its 200 day moving average price is $70.00. The consensus calls for earnings of $1.28 for the quarter, down from $1.45 during the same period a year ago. The payment services company reported $0.91 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.98 by $0.07. Express Scripts Holding Company had a net margin of 2.70% and a return on equity of 24.99%.

The company's expected revenue in the current quarter to be 7.73 Billion, seeing a projected current quarter growth of -11.7%, and per annum growth estimates over the next 5 year period of around 6.54%.

Analysts now estimate earnings of $5.64 per share for the full year 2017. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. The ex-dividend date of this dividend is Wednesday, April 5th.

At least 26 dead as bus plunges into ravine in Philippines
Abad added the wounded, some of whom sustained critical injuries, were rushed to nearby hospitals. "The road is really risky". At least 40 passengers, including the dead and injured, were brought up to the side of the road, he said.

Schwab Rising on Quarterly Results
The Company's shares are trading -11.16% below their 50-day moving average and -0.97% below their 200-day moving average. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

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The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. Asset Planning Services Ltd.'s holdings in Express Scripts Holding Company were worth $568,000 at the end of the most recent quarter.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & worldwide copyright & trademark legislation. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. JMP Securities reissued a market perform rating on shares of American Express Company in a report on Friday, January 20th.

Several investment firms issued their expert ratings on Express Scripts Holding Company (ESRX) in which Deutsche Bank Upgrades Express Scripts Holding Company (ESRX) to Hold with no specific Price Target on 11/04/16. Keefe, Bruyette & Woods restated a "buy" rating and issued a $91.00 price objective on shares of American Express Company in a research report on Monday. Credit Suisse Group AG reiterated an underperform rating and set a $76.00 target price on shares of American Express Company in a research note on Friday, January 20th. The stock touched its high share price of $80.02 on 07/14/16 and the stock also touched its Lowest price in the last 52-weeks of trading on 03/21/17 as $63.22.

Apollo Global Management, LLC (APO) opened the session with a $25.72 price tag, later ranging from $25.39 to $25.83, the range at which the stock has traded at throughout the day.

AmEx shares rose 2 percent in after-hours trading to $77.22. Insiders own 0.20% of the company shares. The acquisition was disclosed in a filing with the SEC, which is available at this link.

In other American Express Company news, insider L Kevin Cox sold 32,726 shares of the company's stock in a transaction that occurred on Monday, February 6th. The company now has an average rating of Hold and a consensus price target of $76.02. The Relative Volume value measured for Express Scripts Holding Company (ESRX) is 0.82. The disclosure for this purchase can be found here.

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