AmEx Sales Drop 2% to $7.9B, Beat Estimates
Otis Underwood | April 20, 2017, 6:17
AmEx Sales Drop 2% to $7.9B, Beat Estimates
Oakworth Capital Inc. now owns 1,802 shares of the company's stock worth $127,000 after buying an additional 10 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in American Express Company during the third quarter valued at $920,000.
Along with these its year to date performance is standing at -3.37%.
Companywide, revenue fell 2% to $7.9 billion but still beat the FactSet consensus of $7.8 billion. Capital Analysts LLC raised its stake in shares of Express Scripts Holding Company by 15.2% in the fourth quarter.
Hedge funds have recently made changes to their positions in the company. Leerink Swann reiterated a "market perform" rating and set a $75.00 price target on shares of Express Scripts Holding Company in a report on Wednesday, March 8th. The company's stock had a trading volume of 5,283,593 shares. The stock has a market capitalization of $68.32 billion, a PE ratio of 13.42 and a beta of 1.19.
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 has $95 highest and $54 lowest target.
The target price for American Express Company (AXP) is $81.6/share according to the consensus of analysts working on the stock, with an expected EPS of $1.28/share for the current quarter.
Chenault said the quarter's results make him confident the company can hit its target for earnings of $5.60 to $5.80 a share for the year. 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. During the same period in the prior year, the company earned $1.56 EPS. Stockholders of record on Friday, April 7th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The company has managed to keep price to sales ratio of 6.74 against an industry average of 11.05.
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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.
ESRX has been the topic of a number of research analyst reports. Meanwhile the stock weekly performance was subdued at -2.72%, which was down for the month at -3.94%.
01/17/2017 - American Express Company was upgraded to "overweight" by analysts at JP Morgan. Profund Limited Company reported 0.1% in American Express Company (NYSE:AXP). The stock of American Express Company (NYSE:AXP) earned "Hold" rating by S&P Research on Thursday, July 23.
Among 16 analysts covering Express Scripts (NASDAQ:ESRX), 6 have Buy rating, 3 Sell and 7 Hold. The company now has an average rating of "Hold" and an average price target of $78.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The stock was sold at an average price of $78.01, for a total transaction of $6,007,238.06. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases. The disclosure for this sale can be found here.
The ROA of American Express Company is now valued at 3.40% indicating how profitable the company is in regards to its total assets. The Company's principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world.