Wall Street brokerages forecast that Citigroup (NYSE:C) will report $18.56 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Citigroup’s earnings, with the highest sales estimate coming in at $18.60 billion and the lowest estimate coming in at $18.50 billion. Citigroup reported sales of $17.90 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The company is expected to announce its next quarterly earnings results on Friday, July 13th.
On average, analysts expect that Citigroup will report full-year sales of $74.42 billion for the current fiscal year, with estimates ranging from $73.32 billion to $76.02 billion. For the next year, analysts expect that the business will post sales of $77.93 billion per share, with estimates ranging from $75.90 billion to $80.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Citigroup.
Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating 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 company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the company earned $1.35 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the company. Sawyer & Company Inc bought a new stake in shares of Citigroup in the fourth quarter valued at about $117,000. Baldwin Brothers Inc. MA lifted its position in Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares during the period. Risk Paradigm Group LLC lifted its position in Citigroup by 829.2% during the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,733 shares during the period. Lee Financial Co lifted its position in Citigroup by 57.0% during the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 813 shares during the period. Finally, Omnia Family Wealth LLC lifted its position in Citigroup by 187.7% during the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 1,500 shares during the period. 80.07% of the stock is owned by institutional investors.
Shares of NYSE C traded down $0.36 during midday trading on Tuesday, reaching $69.12. The company’s stock had a trading volume of 16,231,226 shares, compared to its average volume of 17,901,756. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a fifty-two week low of $58.93 and a fifty-two week high of $80.70. The company has a market capitalization of $179,904.61, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.01 and a beta of 1.56.
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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