American Express Company, AXP, right after the market closed on Wednesday, October 21, showed off its earnings numbers for the three months through September. Earnings for the quarter came in at $1.24 per share. The firm showed sales totaling $8.19B for the three months.
In the run up to the release of today’s results, analysts following the firm were looking for earnings of $1.31 per share from American Express Company for the quarter. Sales for the period were forecast to come in at $8.32Bby consensus.
American Express Company results by comparison
The same three months of 2014 saw American Express Company earn $1.40 per share on sales that came to $8.72B. In the last twelve months shares in the firm have lost 10.7% of their value. In the three months leading into the release of these results the firm lost 3.09% of their value.
American Express Company is a global services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. The Company’s United States banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services.
Analysts look at American Express Company
American Express Company is expected to make a profit of $5.49 per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at $33.09B.
In the last full fiscal year American Express Company made $5.39 per share. Sales came in at $33.57B.
Of the 30 analysts covering the firm for Wall Street, 7 analysts said that clients should Buy shares in the firm, 7 analysts rated the shares at Overweight, while 11 analysts said that holding the shares was the best option going forward.
4 analysts said that clients should keep the shares Underweight in their portfolios, while 1 analyst said that their best idea was to Sell the shares ahead of the release of this earnings report.