$1.98 Earnings Per Share Expected for Citigroup Inc. (NYSE:C) This Quarter

Wall Street brokerages predict that Citigroup Inc. (NYSE:C) will post earnings of $1.98 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Citigroup’s earnings, with estimates ranging from $1.38 to $2.37. Citigroup reported earnings of $0.50 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 296%. The business is scheduled to report its next earnings results on Tuesday, July 13th.

According to Zacks, analysts expect that Citigroup will report full year earnings of $9.22 per share for the current financial year, with EPS estimates ranging from $8.82 to $9.98. For the next financial year, analysts anticipate that the company will post earnings of $8.30 per share, with EPS estimates ranging from $6.33 to $9.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Citigroup.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, April 14th. The company reported $3.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $1.02. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.34 billion. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The company’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share.

A number of equities analysts recently commented on the stock. DA Davidson raised their price target on shares of Citigroup from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Royal Bank of Canada raised their price target on shares of Citigroup from $66.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. Argus raised their price target on shares of Citigroup from $74.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, April 22nd. Berenberg Bank downgraded shares of Citigroup from a “buy” rating to a “hold” rating and increased their price objective for the stock from $55.00 to $70.00 in a research note on Thursday, January 21st. Finally, Wolfe Research downgraded shares of Citigroup from an “outperform” rating to a “peer perform” rating and set a $76.00 price objective on the stock. in a research note on Monday, April 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $76.11.

Several hedge funds have recently added to or reduced their stakes in the company. Janney Capital Management LLC lifted its position in Citigroup by 12.2% in the 1st quarter. Janney Capital Management LLC now owns 377,811 shares of the company’s stock valued at $27,486,000 after acquiring an additional 40,944 shares in the last quarter. German American Bancorp Inc. lifted its position in Citigroup by 1.5% in the 4th quarter. German American Bancorp Inc. now owns 74,979 shares of the company’s stock valued at $4,623,000 after acquiring an additional 1,106 shares in the last quarter. Tompkins Financial Corp lifted its position in Citigroup by 37,117.3% in the 4th quarter. Tompkins Financial Corp now owns 100,859 shares of the company’s stock valued at $4,247,000 after acquiring an additional 100,588 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Citigroup by 545.4% during the 1st quarter. CENTRAL TRUST Co now owns 38,253 shares of the company’s stock worth $2,783,000 after buying an additional 32,326 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in shares of Citigroup by 5.9% during the 4th quarter. CHICAGO TRUST Co NA now owns 45,299 shares of the company’s stock worth $2,793,000 after buying an additional 2,540 shares in the last quarter. 72.99% of the stock is currently owned by institutional investors.

NYSE:C traded up $0.86 during mid-day trading on Monday, reaching $77.42. 14,419,811 shares of the company’s stock were exchanged, compared to its average volume of 19,732,949. Citigroup has a one year low of $40.49 and a one year high of $77.47. The firm has a market capitalization of $160.03 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. The business’s fifty day simple moving average is $72.94 and its two-hundred day simple moving average is $64.08. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 0.97.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Monday, May 3rd will be given a dividend of $0.51 per share. The ex-dividend date is Friday, April 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.63%. Citigroup’s dividend payout ratio (DPR) is presently 41.80%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Earnings History and Estimates for Citigroup (NYSE:C)

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