Citigroup Inc to Post Q4 2017 Earnings of $1.14 Per Share, Jefferies Group Forecasts (NYSE:C)

Citigroup Inc (NYSE:C) – Jefferies Group cut their Q4 2017 earnings per share estimates for shares of Citigroup in a report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $1.14 per share for the quarter, down from their prior forecast of $1.24. Jefferies Group has a “Hold” rating and a $83.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $6.10 EPS.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the business posted $1.14 EPS. The company’s revenue was up 1.4% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on C. JPMorgan Chase & Co. set a $80.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday. Nomura set a $87.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price target on shares of Citigroup in a research note on Wednesday. Finally, Deutsche Bank set a $74.00 price target on Citigroup and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Citigroup has a consensus rating of “Buy” and an average price target of $79.30.

Shares of Citigroup (NYSE:C) traded down $0.80 on Wednesday, reaching $76.31. The company’s stock had a trading volume of 7,090,000 shares, compared to its average volume of 16,630,000. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a 1-year low of $55.23 and a 1-year high of $78.44. The stock has a market cap of $201,760.00, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56.

Several hedge funds have recently modified their holdings of C. FMR LLC increased its stake in Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares during the last quarter. Harris Associates L P increased its stake in Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares during the last quarter. Northern Trust Corp increased its stake in Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after acquiring an additional 1,011,532 shares during the last quarter. Finally, Boston Partners increased its stake in Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after acquiring an additional 817,162 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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