Ameriprise Financial (NYSE:AMP) will be issuing its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $3.08 per share for the quarter.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial had a net margin of 14.24% and a return on equity of 29.75%. Ameriprise Financial’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. On average, analysts expect Ameriprise Financial to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.
Shares of Ameriprise Financial (NYSE:AMP) opened at $177.94 on Tuesday. The company has a market cap of $26,350.00, a P/E ratio of 16.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. Ameriprise Financial has a 52 week low of $110.97 and a 52 week high of $183.90.
AMP has been the topic of a number of recent research reports. SunTrust Banks upped their price target on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Wednesday, January 10th. Barclays restated an “equal weight” rating on shares of Ameriprise Financial in a research note on Monday, October 2nd. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. Finally, Morgan Stanley upped their price target on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $161.48.
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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.
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