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 $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.
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.
Read More: How is diluted EPS different from basic EPS?
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.