Citigroup (NYSE:C) will be issuing its quarterly earnings data before the market opens on Friday, July 13th. Analysts expect the company to announce earnings of $1.55 per share for the quarter.
Citigroup (NYSE:C) last announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same period last year, the firm posted $1.35 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Citigroup to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of Citigroup opened at $66.56 on Friday, Marketbeat.com reports. Citigroup has a 1 year low of $64.38 and a 1 year high of $80.70. The firm has a market cap of $169.78 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30.
C has been the subject of several research analyst reports. UBS Group raised Citigroup from a “neutral” rating to a “buy” rating and raised their target price for the company from $78.00 to $80.00 in a research report on Thursday, April 5th. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Morgan Stanley decreased their price objective on Citigroup from $93.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, April 30th. HSBC raised Citigroup from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $85.00 in a report on Wednesday, April 11th. Finally, Vining Sparks raised Citigroup to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, April 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $80.78.
In other news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.
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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