Citigroup (C) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Citigroup (NYSE:C) posted its quarterly earnings results on Monday. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.14, Analyst Ratings.Net reports. The company had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $19.38 billion.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Citigroup from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $50.00 price target on the stock. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Citigroup in a research note on Tuesday, April 8th. They now have a $60.00 price target on the stock. Finally, analysts at HSBC upgraded shares of Citigroup from an “underweight” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $51.00 price target on the stock, up previously from $48.00. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $58.20.
Citigroup (NYSE:C) opened at 45.68 on Monday. Citigroup has a 1-year low of $44.52 and a 1-year high of $55.28. The stock has a 50-day moving average of $48.26 and a 200-day moving average of $49.87. The company has a market cap of $138.7 billion and a P/E ratio of 10.64.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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