Wall Street analysts forecast that Ameriprise Financial, Inc. (NYSE:AMP) will announce sales of $3.12 billion for the current quarter, Zacks reports. Two analysts have issued estimates for Ameriprise Financial’s earnings. The highest sales estimate is $3.14 billion and the lowest is $3.10 billion. Ameriprise Financial reported sales of $2.90 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The business is scheduled to announce its next quarterly earnings report on Monday, April 23rd.
On average, analysts expect that Ameriprise Financial will report full-year sales of $3.12 billion for the current fiscal year, with estimates ranging from $12.39 billion to $14.24 billion. For the next year, analysts forecast that the firm will report sales of $13.63 billion per share, with estimates ranging from $12.56 billion to $14.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover 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 analysts’ consensus estimates of $3.08 by ($1.90). Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the firm earned $2.46 EPS. The company’s revenue was up 9.6% compared to the same quarter last year.
In related news, CEO James M. Cracchiolo sold 2,428 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 242,013 shares in the company, valued at $38,981,033.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James M. Cracchiolo sold 42,228 shares of the company’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 owns 242,013 shares of the company’s stock, valued at $38,559,931.29. The disclosure for this sale can be found here. Insiders sold 94,284 shares of company stock valued at $15,690,258 over the last quarter. 1.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Montecito Bank & Trust boosted its position in Ameriprise Financial by 19.5% during the third quarter. Montecito Bank & Trust now owns 2,443 shares of the financial services provider’s stock valued at $363,000 after buying an additional 399 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Ameriprise Financial during the second quarter valued at about $25,127,000. Wasatch Advisors Inc. purchased a new stake in Ameriprise Financial during the second quarter valued at about $352,000. Legacy Private Trust Co. boosted its position in Ameriprise Financial by 12.1% during the fourth quarter. Legacy Private Trust Co. now owns 29,143 shares of the financial services provider’s stock valued at $4,939,000 after buying an additional 3,138 shares during the period. Finally, Gs Investments Inc. purchased a new stake in Ameriprise Financial during the second quarter valued at about $2,384,000. Institutional investors and hedge funds own 81.53% of the company’s stock.
Shares of Ameriprise Financial (NYSE AMP) opened at $167.50 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial has a 1-year low of $118.84 and a 1-year high of $183.90. The stock has a market cap of $25,307.86, a price-to-earnings ratio of 17.74 and a beta of 1.85.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.32 annualized dividend and a yield of 1.98%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 35.17%.
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.