Wall Street analysts forecast that Citigroup Inc (NYSE:C) will post earnings of $1.98 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Citigroup’s earnings. The lowest EPS estimate is $1.94 and the highest is $2.03. Citigroup posted earnings of $1.74 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The business is expected to issue its next quarterly earnings report on Friday, October 11th.

According to Zacks, analysts expect that Citigroup will report full-year earnings of $7.64 per share for the current year, with EPS estimates ranging from $7.52 to $7.75. For the next financial year, analysts expect that the business will report earnings of $8.61 per share, with EPS estimates ranging from $8.21 to $9.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Citigroup.

Citigroup (NYSE:C) last posted its earnings results on Monday, July 15th. The financial services provider reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.17. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The firm had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $18.49 billion. During the same quarter last year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Citigroup from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Goldman Sachs Group upgraded shares of Citigroup from a “neutral” rating to a “buy” rating and set a $64.51 price target for the company in a research note on Thursday, May 30th. Morgan Stanley set a $78.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets downgraded shares of Citigroup to a “hold” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.12.

Several institutional investors have recently added to or reduced their stakes in C. Comerica Securities Inc. increased its holdings in shares of Citigroup by 22.0% in the 4th quarter. Comerica Securities Inc. now owns 12,874 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 2,324 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Citigroup by 34.4% in the first quarter. Ironwood Wealth Management LLC. now owns 1,524 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 390 shares during the period. Norway Savings Bank grew its holdings in shares of Citigroup by 8.0% in the first quarter. Norway Savings Bank now owns 17,364 shares of the financial services provider’s stock worth $1,081,000 after acquiring an additional 1,290 shares during the period. Virtu Financial LLC grew its holdings in shares of Citigroup by 42.7% in the first quarter. Virtu Financial LLC now owns 26,654 shares of the financial services provider’s stock worth $1,658,000 after acquiring an additional 7,971 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC grew its holdings in shares of Citigroup by 39.5% in the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 6,899 shares of the financial services provider’s stock worth $449,000 after acquiring an additional 1,952 shares during the period. 76.78% of the stock is owned by institutional investors and hedge funds.

Citigroup stock traded down $0.12 during trading on Friday, hitting $63.79. The company had a trading volume of 201,768 shares, compared to its average volume of 15,203,326. The company’s 50 day simple moving average is $68.67 and its 200-day simple moving average is $66.42. The stock has a market cap of $143.27 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 0.69 and a beta of 1.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.40. Citigroup has a 1-year low of $48.42 and a 1-year high of $75.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be given a dividend of $0.51 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.45. This represents a $2.04 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, August 2nd. Citigroup’s payout ratio is 30.68%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through 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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