Ameriprise Financial (AMP) Scheduled to Post Quarterly Earnings on Wednesday

Ameriprise Financial (NYSE:AMP) will be issuing its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $8.49 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, topping the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $7.25 EPS. On average, analysts expect Ameriprise Financial to post $35 EPS for the current fiscal year and $38 EPS for the next fiscal year.

Ameriprise Financial Price Performance

Shares of NYSE AMP opened at $420.01 on Tuesday. The firm has a market capitalization of $41.72 billion, a P/E ratio of 14.30, a PEG ratio of 0.65 and a beta of 1.37. Ameriprise Financial has a one year low of $306.63 and a one year high of $449.94. The company’s fifty day moving average is $432.31 and its two-hundred day moving average is $416.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Insider Activity

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total transaction of $657,105.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $4,818,770. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMP has been the subject of several research reports. Argus lifted their price target on Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Jefferies Financial Group lifted their price target on Ameriprise Financial from $500.00 to $504.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Royal Bank of Canada lifted their price target on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. UBS Group cut their price target on Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Evercore ISI lifted their price target on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average price target of $462.89.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.