Analysts expect that Citigroup Inc (NYSE:C) will report $17.62 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Citigroup’s earnings, with the highest sales estimate coming in at $18.52 billion and the lowest estimate coming in at $16.92 billion. Citigroup posted sales of $18.76 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.1%. The company is scheduled to report its next earnings report before the market opens on Tuesday, July 14th.
On average, analysts expect that Citigroup will report full-year sales of $73.31 billion for the current financial year, with estimates ranging from $71.00 billion to $75.10 billion. For the next fiscal year, analysts forecast that the firm will report sales of $73.71 billion, with estimates ranging from $71.05 billion to $76.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Citigroup.
Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.89 by $0.16. Citigroup had a net margin of 16.56% and a return on equity of 9.15%. The firm had revenue of $20.73 billion during the quarter, compared to the consensus estimate of $18.98 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. Citigroup’s revenue for the quarter was up 11.6% on a year-over-year basis.
Several equities research analysts have issued reports on the company. TheStreet downgraded Citigroup from a “b” rating to a “c+” rating in a research report on Tuesday, March 17th. Argus upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, April 20th. They noted that the move was a valuation call. Oppenheimer lowered their price target on Citigroup from $93.00 to $87.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. BMO Capital Markets reduced their price objective on Citigroup from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Finally, Keefe, Bruyette & Woods cut Citigroup from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 1st. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.29.
C stock opened at $51.09 on Friday. The business has a 50 day moving average of $50.86 and a 200-day moving average of $59.12. Citigroup has a 12-month low of $32.00 and a 12-month high of $83.11. The firm has a market cap of $105.24 billion, a PE ratio of 7.08, a P/E/G ratio of 1.69 and a beta of 1.82. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52.
Several institutional investors have recently modified their holdings of the company. Lenox Wealth Management Inc. increased its position in shares of Citigroup by 71.6% during the first quarter. Lenox Wealth Management Inc. now owns 647 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 270 shares during the period. Larson Financial Group LLC grew its holdings in shares of Citigroup by 47.1% during the first quarter. Larson Financial Group LLC now owns 756 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 242 shares during the last quarter. Wealth Quarterback LLC bought a new position in Citigroup in the fourth quarter valued at about $37,000. CVA Family Office LLC bought a new position in Citigroup during the first quarter worth about $37,000. Finally, Engrave Wealth Partners LLC acquired a new position in shares of Citigroup during the 4th quarter worth $39,000. Institutional investors and hedge funds own 77.12% of the company’s stock.
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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