$1.84 Earnings Per Share Expected for Citigroup Inc (NYSE:C) This Quarter

Brokerages expect Citigroup Inc (NYSE:C) to announce earnings of $1.84 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Citigroup’s earnings, with the lowest EPS estimate coming in at $1.74 and the highest estimate coming in at $1.91. Citigroup reported earnings of $1.61 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The business is expected to report its next quarterly earnings results on Monday, January 13th.

According to Zacks, analysts expect that Citigroup will report full year earnings of $7.74 per share for the current year, with EPS estimates ranging from $7.64 to $7.80. For the next fiscal year, analysts expect that the business will post earnings of $8.55 per share, with EPS estimates ranging from $8.34 to $9.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Citigroup.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.12. The company had revenue of $18.57 billion during the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 earnings per share.

C has been the subject of several recent research reports. Wells Fargo & Co set a $85.00 target price on shares of Citigroup and gave the company a “buy” rating in a research report on Friday, August 16th. Bank of America boosted their target price on shares of Citigroup from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group boosted their target price on shares of Citigroup from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Credit Suisse Group boosted their target price on shares of Citigroup from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $81.45.

NYSE C traded up $0.50 during trading hours on Tuesday, hitting $77.55. 360,843 shares of the company’s stock traded hands, compared to its average volume of 9,418,290. The business’s fifty day moving average price is $74.59 and its two-hundred day moving average price is $69.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $164.94 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.86 and a beta of 1.81. Citigroup has a 52 week low of $48.42 and a 52 week high of $77.52.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.63%. The ex-dividend date was Friday, November 1st. Citigroup’s dividend payout ratio is currently 30.68%.

Large investors have recently modified their holdings of the business. Garrett Wealth Advisory Group LLC purchased a new position in shares of Citigroup in the third quarter worth $33,000. MRA Associates USA LLC purchased a new position in shares of Citigroup in the second quarter worth $34,000. Next Capital Management LLC purchased a new stake in Citigroup during the second quarter valued at $38,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Citigroup by 284.0% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 576 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 426 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in Citigroup by 15.4% during the third quarter. Candriam Luxembourg S.C.A. now owns 562,430 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 74,950 shares in the last quarter. 77.02% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Earnings History and Estimates for Citigroup (NYSE:C)

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