Citigroup Inc (NYSE:C) released its quarterly earnings data on Tuesday. The financial services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.39, MarketWatch Earnings reports. Citigroup had a net margin of 13.64% and a return on equity of 7.40%. The firm had revenue of $17.30 billion for the quarter, compared to analyst estimates of $17.18 billion. During the same period last year, the firm earned $1.97 earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year.
C opened at $43.68 on Wednesday. The company has a market capitalization of $90.94 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 1.30 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.60. The firm has a 50-day moving average price of $47.27 and a 200-day moving average price of $48.13. Citigroup Inc has a twelve month low of $32.00 and a twelve month high of $83.11.
C has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Citigroup in a research note on Thursday, October 1st. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Friday, August 21st. Societe Generale raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Bank of America raised their price target on shares of Citigroup from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets raised their price target on shares of Citigroup from $82.00 to $87.00 in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $71.33.
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).
Featured Story: What is Cost of Goods Sold (COGS)?
Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.