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 $4.00 per share for the quarter.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, April 24th. The financial services provider reported $3.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.61 by $0.14. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.03 billion. Ameriprise Financial had a net margin of 14.85% and a return on equity of 37.97%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 EPS. On average, analysts expect Ameriprise Financial to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

AMP opened at $147.83 on Tuesday. The business has a 50 day simple moving average of $148.74. The company has a market cap of $19.91 billion, a P/E ratio of 9.89 and a beta of 1.80. Ameriprise Financial has a 12 month low of $95.69 and a 12 month high of $153.91. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 0.81.

Several analysts have recently weighed in on AMP shares. Barclays raised their price objective on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Citigroup cut shares of Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. ValuEngine cut shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Credit Suisse Group lowered their price objective on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, Ameriprise Financial upgraded shares of Ameriprise Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $145.00 to $202.00 in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Ameriprise Financial presently has a consensus rating of “Buy” and a consensus price target of $173.56.

In related news, EVP Randy Kupper sold 5,160 shares of Ameriprise Financial stock in a transaction on Friday, June 7th. The shares were sold at an average price of $150.38, for a total value of $775,960.80. Following the transaction, the executive vice president now owns 23,656 shares in the company, valued at approximately $3,557,389.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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Earnings History for Ameriprise Financial (NYSE:AMP)

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