Equities analysts expect Citigroup (NYSE:C) to announce $1.57 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Citigroup’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.39. Citigroup reported earnings per share of $1.27 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.6%. The company is scheduled to report its next earnings results on Friday, July 13th.
According to Zacks, analysts expect that Citigroup will report full year earnings of $6.48 per share for the current year, with EPS estimates ranging from $6.16 to $6.70. For the next year, analysts forecast that the business will post earnings of $7.40 per share, with EPS estimates ranging from $6.45 to $7.97. Zacks’ EPS averages are an average based on a survey of analysts that follow Citigroup.
Citigroup (NYSE:C) last issued its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. The business had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. Citigroup’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share.
A number of research analysts recently commented on the company. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a research note on Monday, January 29th. Morgan Stanley upped their target price on 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 upgraded Citigroup from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Friday, February 2nd. Wells Fargo set a $100.00 price target on Citigroup and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $90.00 to $82.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $81.01.
Several hedge funds have recently made changes to their positions in C. Beach Investment Counsel Inc. PA boosted its holdings in Citigroup by 3.6% in the third quarter. Beach Investment Counsel Inc. PA now owns 362,104 shares of the financial services provider’s stock valued at $26,339,000 after acquiring an additional 12,490 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Citigroup by 5.3% in the third quarter. Victory Capital Management Inc. now owns 77,014 shares of the financial services provider’s stock valued at $5,602,000 after buying an additional 3,850 shares during the period. Hoertkorn Richard Charles lifted its stake in Citigroup by 1.3% in the third quarter. Hoertkorn Richard Charles now owns 84,627 shares of the financial services provider’s stock valued at $6,156,000 after buying an additional 1,125 shares during the period. Enterprise Financial Services Corp lifted its stake in Citigroup by 131.9% in the third quarter. Enterprise Financial Services Corp now owns 4,552 shares of the financial services provider’s stock valued at $331,000 after buying an additional 2,589 shares during the period. Finally, Linscomb & Williams Inc. lifted its stake in Citigroup by 24.8% in the third quarter. Linscomb & Williams Inc. now owns 8,133 shares of the financial services provider’s stock valued at $592,000 after buying an additional 1,616 shares during the period. Institutional investors own 80.13% of the company’s stock.
Shares of NYSE C traded down $0.28 during trading hours on Friday, reaching $70.00. The stock had a trading volume of 17,629,879 shares, compared to its average volume of 19,566,040. 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 firm has a market capitalization of $179,904.61, a price-to-earnings ratio of 13.13, a PEG ratio of 1.01 and a beta of 1.56. Citigroup has a twelve month low of $57.63 and a twelve month high of $80.70.
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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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