Equities Analysts Set Expectations for Citigroup Inc’s Q2 2018 Earnings (C)

Citigroup Inc (NYSE:C) – Stock analysts at Oppenheimer decreased their Q2 2018 earnings per share (EPS) estimates for shares of Citigroup in a note issued to investors on Tuesday. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $1.55 for the quarter, down from their prior estimate of $1.60. Oppenheimer also issued estimates for Citigroup’s Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.58 EPS and FY2019 earnings at $7.15 EPS.

C has been the subject of a number of other research reports. Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays raised their price target on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Raymond James Financial started coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.30.

Citigroup (NYSE C) traded down $0.08 during trading on Thursday, reaching $77.39. The company’s stock had a trading volume of 15,420,400 shares, compared to its average volume of 16,670,225. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $206,580.00, a P/E ratio of -26.78, a P/E/G ratio of 1.21 and a beta of 1.56.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the company earned $1.14 earnings per share. Citigroup’s quarterly revenue was up 1.4% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Citigroup’s dividend payout ratio is presently -44.29%.

Institutional investors have recently bought and sold shares of the stock. Catamount Wealth Management purchased a new stake in Citigroup during the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Balentine LLC grew its holdings in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the period. Acrospire Investment Management LLC grew its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. Finally, Sawyer & Company Inc purchased a new stake in Citigroup in the 4th quarter valued at about $117,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Earnings History and Estimates for Citigroup (NYSE:C)

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