Citigroup (NYSE:C) is set to release its earnings data before the market opens on Friday, April 13th. Analysts expect Citigroup to post earnings of $1.61 per share for the quarter.
Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. On average, analysts expect Citigroup to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
C opened at $70.51 on Wednesday. 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 $176,306.52, a price-to-earnings ratio of 13.23, a PEG ratio of 0.99 and a beta of 1.56. Citigroup has a twelve month low of $57.55 and a twelve month high of $80.70.
An institutional investor recently raised its position in Citigroup stock. Buckingham Capital Management Inc. grew its position in Citigroup (NYSE:C) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,338 shares of the financial services provider’s stock after acquiring an additional 6,587 shares during the period. Buckingham Capital Management Inc.’s holdings in Citigroup were worth $1,770,000 at the end of the most recent quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.
Several equities research analysts have weighed in on C shares. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th. UBS upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $80.00 in a report on Thursday, April 5th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Nomura set a $87.00 target price on shares of Citigroup and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Citigroup has a consensus rating of “Hold” and an average target price of $80.69.
Citigroup Company Profile
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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