Citigroup (C) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Citigroup (NYSE:C) released its earnings results on Friday. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07, MarketWatch Earnings reports. Citigroup had a positive return on equity of 8.78% and a negative net margin of 5.45%. During the same quarter in the previous year, the company earned $1.42 earnings per share.

C opened at $69.84 on Friday. The firm has a market cap of $184.38 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.97 and a beta of 1.46. Citigroup has a 52 week low of $64.38 and a 52 week high of $80.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.30.

C has been the subject of several research analyst reports. TheStreet upgraded Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Royal Bank of Canada reiterated a “buy” rating and set a $85.00 target price on shares of Citigroup in a research report on Monday, July 16th. Deutsche Bank upgraded Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, June 20th. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Monday, August 27th. Finally, Vining Sparks reiterated a “buy” rating and set a $77.00 target price on shares of Citigroup in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $82.25.

In other news, CEO Francisco Aristeguieta sold 15,000 shares of Citigroup stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Raja Akram sold 500 shares of Citigroup stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $69.21, for a total value of $34,605.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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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Earnings History for Citigroup (NYSE:C)

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