American Express Co (NYSE:AXP) company reported mixed results for the third quarter on Friday.
The company said quarterly revenue (net of interest expenses) grew 8% year-on-year to $16.64 billion, marginally missing the analyst consensus estimate of $16.67 billion. Adjusted EPS of $3.49 beat the analyst consensus estimate of $3.28.
Card Member spending or Billed Business grew 6% (or 6% forex adjusted) year-over-year to $387.3 billion.
U.S. Consumer Services revenue was $7.944 billion, up 10% year over year. Commercial Services revenue was $3.998 billion, up 7% year over year. International Card Services revenue was $2.936 billion, up 11% year over year, and Global Merchant and Network Services revenue was $1.847 billion, flat year over year.
American Express shares fell 2.2% to trade at $270.58 on Monday.
These analysts made changes to their price targets on American Express following earnings announcement.
- Barclays analyst Terry Ma maintained American Express with an Equal-Weight and raised the price target from $250 to $257.
- TD Cowen analyst Moshe Orenbuch maintained the stock with a Hold and raised the price target from $260 to $268.
- Morgan Stanley analyst Betsy Graseck maintained the stock with an Equal-Weight rating and boosted the price target from $248 to $252.
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美國運通公司(紐約證券交易所代碼:AXP)公司週五公佈的第三季度業績喜憂參半。
該公司表示,季度收入(扣除利息支出)同比增長8%,達到166.4億美元,略低於分析師共識估計的166.7億美元。調整後的每股收益爲3.49美元,超過了分析師普遍預期的3.28美元。
持卡人支出或計費業務同比增長6%(經外匯調整後的6%),達到3873億美元。
美國消費者服務收入爲79.44億美元,同比增長10%。商業服務收入爲39.98億美元,同比增長7%。國際信用卡服務收入爲29.36億美元,同比增長11%,全球商戶和網絡服務收入爲18.47億美元,同比持平。
週一,美國運通股價下跌2.2%,至270.58美元。
業績公佈後,這些分析師調整了美國運通的目標股價。
- 巴克萊分析師馬泰瑞維持美國運通的同等權重,並將目標股價從250美元上調至257美元。
- 道明考恩分析師摩西·奧倫布赫維持該股的持倉狀態,並將目標股價從260美元上調至268美元。
- 摩根士丹利分析師貝齊·格拉塞克維持該股的等權評級,並將目標股價從248美元上調至252美元。
考慮購買 AXP 股票?以下是分析師的想法:
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