[Business Wire] – Ameriprise Financial, Inc. plans to announce its second quarter 2016 financial results on Tuesday, July 26, 2016 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Wednesday, July 27, 2016 at approximately 9:00 a.m. Read more on this. Ameriprise Financial, Inc. (AMP) , with a current market cap of $14.18B, started trading this morning at $88.66. Looking at today’s trading action, the company’s one day range from $85.21 to $88.66 with the price of the stock fluctuating between $76.00 to $129.22 over the last 52 weeks. AMP shares are currently priced at 9.53x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -53.33x earnings multiple for the same period. And for income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 3.29%. Consensus earnings for the current quarter by the 9 sell-side analysts covering the stock is an estimate of $2.37 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.58, which would be a $0.26 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.90 Billion. If reported, that would be a 7.35% decrease over the year-ago quarter. More recently, Wells Fargo downgraded AMP from Outperform to Market Perform (Jan 13, 2016). Previously, Credit Suisse upgraded AMP from Neutral to Outperform. The average price target for AMP shares is $115.67, which is 30.46% above where the stock opened this morning. See more in (NYSE:AMP) Similar Articles: Market Update: Prudential Financial Inc (NYSE:PRU) – Prudential Financial To Announce Second Quarter 2016 Earnings; Schedules Conference Call Company Update (NYSE:PX): Praxair Announces First Quarter 2016 Earnings and Conference Call Schedule Company Update (NYSE:AMP): Ameriprise Financial Reports Fourth Quarter and Full Year 2015 Results