Analysts Anticipate Ameriprise Financial, Inc. (AMP) Will Announce Earnings of $3.54 Per Share

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Analysts expect Ameriprise Financial, Inc. (NYSE:AMP) to report $3.54 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ameriprise Financial’s earnings. The lowest EPS estimate is $3.49 and the highest is $3.57. Ameriprise Financial posted earnings per share of $2.80 in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.4%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 24th.

According to Zacks, analysts expect that Ameriprise Financial will report full-year earnings of $14.44 per share for the current fiscal year, with EPS estimates ranging from $14.40 to $14.50. For the next financial year, analysts anticipate that the company will report earnings of $15.82 per share, with EPS estimates ranging from $15.05 to $17.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Ameriprise Financial.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Monday, April 23rd. The financial services provider reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.24. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. Ameriprise Financial had a return on equity of 33.67% and a net margin of 13.59%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.52 EPS.

Several analysts have recently issued reports on the company. SunTrust Banks decreased their price target on Ameriprise Financial to $150.00 and set a “hold” rating for the company in a research note on Wednesday, April 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research report on Thursday, March 22nd. Royal Bank of Canada set a $158.00 price objective on Ameriprise Financial and gave the company a “hold” rating in a research report on Tuesday, April 24th. Credit Suisse Group started coverage on Ameriprise Financial in a research report on Wednesday, April 25th. They issued a “neutral” rating and a $154.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on Ameriprise Financial from $190.00 to $184.00 and set an “overweight” rating on the stock in a research report on Thursday, April 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $167.22.

Shares of AMP traded down $0.09 during trading hours on Tuesday, hitting $146.36. 3,160,529 shares of the company were exchanged, compared to its average volume of 1,027,821. The company has a market cap of $21.18 billion, a PE ratio of 11.93 and a beta of 1.83. Ameriprise Financial has a 52 week low of $125.07 and a 52 week high of $183.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.67 and a current ratio of 0.67.

In related news, VP Walter Stanley Berman purchased 3,728 shares of Ameriprise Financial stock in a transaction dated Wednesday, May 2nd. The shares were acquired at an average cost of $134.12 per share, for a total transaction of $499,999.36. Following the transaction, the vice president now directly owns 25,076 shares of the company’s stock, valued at $3,363,193.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James M. Cracchiolo purchased 7,400 shares of Ameriprise Financial stock in a transaction dated Thursday, May 10th. The stock was bought at an average price of $136.04 per share, for a total transaction of $1,006,696.00. Following the completion of the transaction, the chief executive officer now directly owns 242,416 shares in the company, valued at $32,978,272.64. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Financial Counselors Inc. raised its position in Ameriprise Financial by 0.4% during the fourth quarter. Financial Counselors Inc. now owns 110,360 shares of the financial services provider’s stock valued at $18,703,000 after purchasing an additional 392 shares in the last quarter. Jacobi Capital Management LLC boosted its position in Ameriprise Financial by 89.8% during the first quarter. Jacobi Capital Management LLC now owns 875 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 414 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Ameriprise Financial by 13.6% during the first quarter. Stratos Wealth Partners LTD. now owns 3,569 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 428 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Ameriprise Financial by 10.1% during the first quarter. IFM Investors Pty Ltd now owns 4,694 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 432 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Ameriprise Financial by 2.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 17,908 shares of the financial services provider’s stock valued at $2,649,000 after acquiring an additional 435 shares during the last quarter. Institutional investors and hedge funds own 82.66% of the company’s stock.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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Earnings History and Estimates for Ameriprise Financial (NYSE:AMP)

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