Wall Street analysts expect Citigroup Inc (NYSE:C) to report earnings of $1.61 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Citigroup’s earnings, with estimates ranging from $1.54 to $1.70. Citigroup reported earnings per share of $1.36 in the same quarter last year, which suggests a positive year over year growth rate of 18.4%. The company is expected to announce its next quarterly earnings results on Thursday, April 12th.
According to Zacks, analysts expect that Citigroup will report full year earnings of $6.40 per share for the current fiscal year, with EPS estimates ranging from $6.13 to $6.70. For the next fiscal year, analysts anticipate that the business will post earnings of $7.35 per share, with EPS estimates ranging from $6.52 to $7.97. Zacks’ EPS averages are an average based on a survey of research analysts that cover Citigroup.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year.
C has been the subject of a number of research analyst reports. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Morgan Stanley upped their price objective on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, February 2nd. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $90.00 to $82.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and an average price target of $79.65.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Citigroup during the 2nd quarter valued at approximately $1,034,000. Sawyer & Company Inc purchased a new stake in shares of Citigroup during the 4th quarter worth about $117,000. Baldwin Brothers Inc. MA raised its stake in shares of Citigroup by 88.4% during the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares in the last quarter. Balentine LLC raised its stake in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 79.62% of the company’s stock.
Shares of Citigroup (NYSE:C) traded up $0.81 during mid-day trading on Friday, reaching $77.08. 12,211,973 shares of the company traded hands, compared to its average volume of 16,797,920. Citigroup has a 12-month low of $56.55 and a 12-month high of $80.70. The firm has a market cap of $202,530.00, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s dividend payout ratio is presently 23.06%.
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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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