Zacks: Analysts Anticipate Citigroup (C) Will Post Earnings of $1.57 Per Share

Wall Street brokerages forecast that Citigroup (NYSE:C) will report earnings of $1.57 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Citigroup’s earnings. The lowest EPS estimate is $1.39 and the highest is $1.61. Citigroup posted earnings per share of $1.27 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.6%. The company is expected to report its next quarterly earnings report on Friday, July 13th.

On average, analysts expect that Citigroup will report full-year earnings of $6.48 per share for the current year, with EPS estimates ranging from $6.16 to $6.70. For the next year, analysts anticipate that the business will post earnings of $7.40 per share, with EPS estimates ranging from $6.45 to $7.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Citigroup.

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Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the previous year, the company earned $1.35 earnings per share. Citigroup’s revenue for the quarter was up 2.8% on a year-over-year basis.



A number of analysts have recently weighed in on C shares. Nomura set a $87.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. JPMorgan Chase set a $80.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Wells Fargo set a $100.00 price objective on shares of Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reiterated a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.01.

Institutional investors have recently made changes to their positions in the business. Beach Investment Counsel Inc. PA grew its holdings in shares of Citigroup by 3.6% in the 3rd quarter. Beach Investment Counsel Inc. PA now owns 362,104 shares of the financial services provider’s stock worth $26,339,000 after purchasing an additional 12,490 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Citigroup by 5.3% in the 3rd quarter. Victory Capital Management Inc. now owns 77,014 shares of the financial services provider’s stock worth $5,602,000 after purchasing an additional 3,850 shares during the last quarter. Hoertkorn Richard Charles grew its holdings in shares of Citigroup by 1.3% in the 3rd quarter. Hoertkorn Richard Charles now owns 84,627 shares of the financial services provider’s stock worth $6,156,000 after purchasing an additional 1,125 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in shares of Citigroup by 131.9% in the 3rd quarter. Enterprise Financial Services Corp now owns 4,552 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Linscomb & Williams Inc. grew its holdings in shares of Citigroup by 24.8% in the 3rd quarter. Linscomb & Williams Inc. now owns 8,133 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 1,616 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Citigroup stock traded up $0.12 on Friday, reaching $70.40. The stock had a trading volume of 5,717,297 shares, compared to its average volume of 17,789,305. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a fifty-two week low of $57.63 and a fifty-two week high of $80.70. The stock has a market capitalization of $177,283.16, a price-to-earnings ratio of 13.21, a PEG ratio of 1.00 and a beta of 1.56.

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Citigroup Company Profile

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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Earnings History and Estimates for Citigroup (NYSE:C)

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