Brokerages Anticipate Ameriprise Financial, Inc. (AMP) to Post $3.52 EPS
Brokerages predict that Ameriprise Financial, Inc. (NYSE:AMP) will announce earnings of $3.52 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Ameriprise Financial’s earnings. The lowest EPS estimate is $3.40 and the highest is $3.64. Ameriprise Financial posted earnings per share of $2.70 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The company is scheduled to report its next quarterly earnings results on Monday, April 23rd.
On average, analysts expect that Ameriprise Financial will report full-year earnings of $14.43 per share for the current year, with EPS estimates ranging from $14.15 to $14.64. For the next fiscal year, analysts forecast that the business will report earnings of $15.79 per share, with EPS estimates ranging from $14.80 to $17.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Ameriprise Financial.
Ameriprise Financial (NYSE:AMP) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis.
In other news, Chairman James M. Cracchiolo sold 42,228 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the completion of the transaction, the chairman now directly owns 242,013 shares in the company, valued at $38,559,931.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Cracchiolo sold 2,428 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now owns 242,013 shares of the company’s stock, valued at $38,981,033.91. The disclosure for this sale can be found here. Insiders have sold 94,284 shares of company stock valued at $15,690,258 in the last three months. Insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. IHT Wealth Management LLC increased its holdings in Ameriprise Financial by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after buying an additional 230 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Ameriprise Financial by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock worth $174,000 after buying an additional 517 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Ameriprise Financial in the 3rd quarter worth about $200,000. Shelton Capital Management bought a new stake in Ameriprise Financial in the 3rd quarter worth about $203,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Ameriprise Financial in the 3rd quarter worth about $211,000. Hedge funds and other institutional investors own 80.68% of the company’s stock.
Shares of Ameriprise Financial (AMP) traded down $0.43 during mid-day trading on Friday, reaching $167.07. The company had a trading volume of 217,682 shares, compared to its average volume of 1,110,278. Ameriprise Financial has a 12 month low of $118.84 and a 12 month high of $183.90. The stock has a market capitalization of $24,778.27, a price-to-earnings ratio of 13.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, February 15th. Ameriprise Financial’s dividend payout ratio is currently 35.17%.
TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate Ameriprise Financial, Inc. (AMP) to Post $3.52 EPS” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2018/02/05/brokerages-anticipate-ameriprise-financial-inc-amp-to-post-3-52-eps.html.
About Ameriprise Financial
Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.