$1.87 EPS Expected for Citigroup Inc. (NYSE:C) This Quarter

Equities research analysts forecast that Citigroup Inc. (NYSE:C) will announce earnings of $1.87 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Citigroup’s earnings. The highest EPS estimate is $2.06 and the lowest is $1.67. Citigroup reported earnings of $2.07 per share during the same quarter last year, which suggests a negative year over year growth rate of 9.7%. The business is scheduled to announce its next quarterly earnings report on Friday, January 21st.

On average, analysts expect that Citigroup will report full year earnings of $10.50 per share for the current fiscal year, with EPS estimates ranging from $10.35 to $10.66. For the next financial year, analysts anticipate that the firm will report earnings of $8.00 per share, with EPS estimates ranging from $6.30 to $8.45. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Citigroup.

Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 14th. The company reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.23. The firm had revenue of $17.15 billion for the quarter, compared to analysts’ expectations of $16.93 billion. Citigroup had a return on equity of 13.12% and a net margin of 29.23%. Citigroup’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS.

C has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Citigroup from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. BMO Capital Markets lifted their target price on Citigroup from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 15th. They noted that the move was a valuation call. Finally, Jefferies Financial Group lifted their target price on Citigroup from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, October 11th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of “Buy” and an average target price of $81.15.

C traded down $0.79 during trading on Thursday, reaching $67.28. The company had a trading volume of 14,973,241 shares, compared to its average volume of 19,560,199. The firm’s 50-day simple moving average is $69.79 and its 200 day simple moving average is $71.27. The company has a market cap of $136.36 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.49 and a beta of 1.84. Citigroup has a 12-month low of $54.99 and a 12-month high of $80.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Monday, November 1st were issued a dividend of $0.51 per share. The ex-dividend date was Friday, October 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.03%. Citigroup’s dividend payout ratio (DPR) is presently 19.07%.

In other news, CEO Cantu Ernesto Torres sold 27,783 shares of the company’s stock in a transaction that occurred on Tuesday, October 19th. The stock was sold at an average price of $72.50, for a total transaction of $2,014,267.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Tudor Investment Corp Et Al bought a new stake in Citigroup in the first quarter valued at $3,780,000. Maverick Capital Ltd. grew its position in Citigroup by 221.0% in the first quarter. Maverick Capital Ltd. now owns 11,660 shares of the company’s stock valued at $848,000 after acquiring an additional 8,028 shares during the period. Morgan Stanley grew its position in Citigroup by 21.6% in the first quarter. Morgan Stanley now owns 23,410,089 shares of the company’s stock valued at $1,703,086,000 after acquiring an additional 4,162,277 shares during the period. Loomis Sayles & Co. L P grew its position in Citigroup by 5.7% in the first quarter. Loomis Sayles & Co. L P now owns 26,305 shares of the company’s stock valued at $1,914,000 after acquiring an additional 1,422 shares during the period. Finally, Evercore Wealth Management LLC grew its position in Citigroup by 2.5% in the first quarter. Evercore Wealth Management LLC now owns 12,148 shares of the company’s stock valued at $884,000 after acquiring an additional 295 shares during the period. 75.03% of the stock is owned by hedge funds and other institutional investors.

About Citigroup

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Earnings History and Estimates for Citigroup (NYSE:C)

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