Brokerages expect that Citigroup (NYSE:C) will post sales of $18.56 billion for the current quarter, according to Zacks. Three analysts have made estimates for Citigroup’s earnings, with estimates ranging from $18.50 billion to $18.60 billion. Citigroup posted sales of $17.90 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The business is expected to issue its next quarterly earnings results on Friday, July 13th.
On average, analysts expect that Citigroup will report full-year sales of $74.42 billion for the current year, with estimates ranging from $73.32 billion to $76.02 billion. For the next financial year, analysts forecast that the business will post sales of $77.93 billion per share, with estimates ranging from $75.90 billion to $80.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Citigroup.
Citigroup (NYSE:C) last issued its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year.
Several brokerages have recently issued reports on C. BMO Capital Markets reaffirmed a “hold” rating and issued a $76.00 target price on shares of Citigroup in a report on Friday, April 13th. Vining Sparks reaffirmed a “buy” rating and issued a $82.00 target price on shares of Citigroup in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $74.00 target price on shares of Citigroup in a report on Thursday, April 5th. UBS raised Citigroup from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $78.00 to $80.00 in a research note on Thursday, April 5th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.01.
Shares of C stock traded up $0.12 during trading hours on Tuesday, hitting $70.40. The stock had a trading volume of 5,717,297 shares, compared to its average volume of 17,789,305. Citigroup has a one year low of $57.63 and a one year high of $80.70. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $177,283.16, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.56.
Large investors have recently made changes to their positions in the business. Linscomb & Williams Inc. boosted its holdings in shares of Citigroup by 8.0% in the fourth quarter. Linscomb & Williams Inc. now owns 8,787 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 654 shares during the period. Pillar Pacific Capital Management LLC boosted its holdings in shares of Citigroup by 0.6% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 119,037 shares of the financial services provider’s stock valued at $8,857,000 after purchasing an additional 660 shares during the period. Logan Capital Management Inc. boosted its holdings in shares of Citigroup by 20.0% in the fourth quarter. Logan Capital Management Inc. now owns 4,124 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 687 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Citigroup by 0.9% in the third quarter. IFM Investors Pty Ltd now owns 76,983 shares of the financial services provider’s stock valued at $5,600,000 after purchasing an additional 716 shares during the period. Finally, Baldwin Brothers Inc. MA boosted its holdings in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.
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Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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