Analysts Anticipate Citigroup Inc (C) Will Announce Earnings of $1.61 Per Share

Brokerages forecast that Citigroup Inc (NYSE:C) will announce $1.61 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Citigroup’s earnings, with estimates ranging from $1.54 to $1.70. Citigroup reported earnings of $1.36 per share in the same quarter last year, which suggests a positive year over year growth rate of 18.4%. The firm is scheduled to announce its next earnings report on Thursday, April 12th.

On average, analysts expect that Citigroup will report full year earnings of $6.40 per share for the current financial year, with EPS estimates ranging from $6.13 to $6.70. For the next year, analysts expect that the business will report earnings of $7.35 per share, with EPS estimates ranging from $6.52 to $7.97. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Citigroup.

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

Several analysts have recently commented on the stock. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Vetr downgraded shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 price objective on the stock. in a research report on Monday, February 5th. Macquarie raised their price objective on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Jefferies Group restated a “hold” rating and set a $83.00 price objective on shares of Citigroup in a research report on Tuesday, January 16th. Finally, Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $79.65.

Shares of Citigroup (NYSE C) traded up $0.81 during mid-day trading on Friday, hitting $77.08. 12,211,973 shares of the stock traded hands, compared to its average volume of 16,797,920. The company has a market cap of $202,530.00, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54. Citigroup has a 12-month low of $56.55 and a 12-month high of $80.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. Citigroup’s payout ratio is currently 23.06%.

Several large investors have recently modified their holdings of C. Bank of Hawaii boosted its stake in shares of Citigroup by 52.2% during the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares during the period. Norinchukin Bank The boosted its position in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after buying an additional 39,898 shares during the period. Advisors Capital Management LLC boosted its position in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after buying an additional 5,125 shares during the period. Principal Financial Group Inc. boosted its position in Citigroup by 17.3% in the 3rd quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock valued at $354,216,000 after buying an additional 717,320 shares during the period. Finally, Gs Investments Inc. purchased a new stake in Citigroup in the 2nd quarter valued at about $301,000. 79.62% of the stock is owned by institutional investors and hedge funds.

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About Citigroup

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.

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Earnings History and Estimates for Citigroup (NYSE:C)

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