Citigroup (NYSE:C – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, April 14th. Analysts expect Citigroup to post earnings of $2.05 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Citigroup (NYSE:C – Get Rating) last issued its quarterly earnings data on Friday, January 14th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.43). The company had revenue of $17.02 billion for the quarter, compared to analysts’ expectations of $16.78 billion. Citigroup had a return on equity of 12.85% and a net margin of 27.37%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS. On average, analysts expect Citigroup to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of C opened at $50.34 on Wednesday. The stock’s 50-day simple moving average is $58.59 and its 200 day simple moving average is $63.60. The stock has a market capitalization of $99.72 billion, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 0.63 and a beta of 1.67. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.92 and a current ratio of 0.92. Citigroup has a 52-week low of $49.04 and a 52-week high of $80.29.
In related news, insider Sara Wechter sold 14,800 shares of Citigroup stock in a transaction on Friday, February 11th. The stock was sold at an average price of $68.56, for a total value of $1,014,688.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC lifted its position in shares of Citigroup by 9.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,760 shares of the company’s stock valued at $516,000 after acquiring an additional 646 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its position in shares of Citigroup by 14.0% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 8,201 shares of the company’s stock valued at $495,000 after acquiring an additional 1,005 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in shares of Citigroup by 19.4% in the third quarter. Keudell Morrison Wealth Management now owns 6,696 shares of the company’s stock valued at $470,000 after acquiring an additional 1,089 shares in the last quarter. Bell Rock Capital LLC purchased a new position in shares of Citigroup in the fourth quarter valued at about $303,000. Finally, Visionary Wealth Advisors purchased a new position in shares of Citigroup in the fourth quarter valued at about $283,000. Institutional investors own 72.09% of the company’s stock.
A number of brokerages have weighed in on C. Odeon Capital Group upgraded Citigroup from a “hold” rating to a “buy” rating and set a $69.25 target price on the stock in a research note on Wednesday, December 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Citigroup in a research report on Friday, December 17th. Barclays reduced their price objective on Citigroup from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 6th. Oppenheimer reduced their price objective on Citigroup from $120.00 to $114.00 in a research report on Tuesday, January 18th. Finally, Atlantic Securities lowered Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.16.
Citigroup Company Profile (Get Rating)
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
- Get a free copy of the StockNews.com research report on Citigroup (C)
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