Citigroup (NYSE:C) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Citigroup (NYSE:C) posted its quarterly earnings data on Tuesday. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20, Briefing.com reports. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Citigroup’s revenue for the quarter was up .9% compared to the same quarter last year.

Citigroup Stock Performance

Shares of C stock opened at $64.26 on Thursday. The stock has a fifty day moving average of $61.13 and a 200 day moving average of $61.91. Citigroup has a 52 week low of $38.17 and a 52 week high of $67.81. The firm has a market capitalization of $122.56 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.74 and a beta of 1.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Analysts Set New Price Targets

A number of brokerages have commented on C. Oppenheimer reduced their price target on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays increased their price target on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Evercore ISI increased their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday. Finally, Argus increased their price target on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.