Citigroup (NYSE:C – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.20, Zacks reports. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.
Citigroup Price Performance
Shares of C opened at $131.87 on Tuesday. The company has a market cap of $224.92 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. Citigroup has a twelve month low of $95.00 and a twelve month high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a 50 day moving average of $133.71 and a two-hundred day moving average of $131.57.
Citigroup Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.0%. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, August 3rd. Citigroup’s payout ratio is 28.94%.
Analysts Set New Price Targets
More Citigroup News
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Citigroup is expected to report third-quarter earnings before the market opens, with consensus estimates calling for approximately $2.62 in EPS and $23.72 billion in revenue. A beat or constructive outlook could support the stock, particularly after the company’s previous quarter exceeded expectations with $3.15 per share in earnings and 14.5% year-over-year revenue growth. Citigroup Q3 Earnings Report Preview
- Positive Sentiment: An investor letter highlighted Citigroup’s improving return on tangible common equity as a key part of the long-term recovery thesis. The view supports optimism that ongoing restructuring and efficiency efforts can improve shareholder returns. Citigroup Rebounding Return on Tangible Common Equity
- Neutral Sentiment: Citigroup’s research and investment-banking operations remain active: the bank initiated or adjusted coverage on several companies and upgraded JetBlue while downgrading Xerox. These actions may generate client activity and fees, but they are not direct changes to Citigroup’s earnings outlook. Citigroup Downgrades Xerox
- Negative Sentiment: Investors remain concerned that higher government-bond yields could pressure bank funding costs, lending growth and dealmaking during earnings season. Citigroup is also working to accelerate the resolution of long-standing regulatory requirements, creating an ongoing execution and compliance overhang. Citigroup Seeks to Speed Up Regulatory Efforts
- Negative Sentiment: Citi card data showed U.S. luxury spending fell 6% year over year in September and 5% for the third quarter, signaling weaker discretionary demand that could weigh on card spending and consumer-related fee revenue. U.S. Luxury Spending Falls in September
Citigroup Company Profile
Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.
Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.
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