Citigroup Inc. (NYSE:C) issued its quarterly earnings results on Thursday. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10, Briefing.com reports. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a return on equity of 7.32% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share.

Shares of Citigroup (NYSE:C) traded up 0.113% during midday trading on Thursday, reaching $75.025. The company’s stock had a trading volume of 4,580,924 shares. The stock has a 50-day moving average of $70.52 and a 200 day moving average of $65.19. The company has a market cap of $204.41 billion, a price-to-earnings ratio of 15.020 and a beta of 1.45. Citigroup has a 12 month low of $47.54 and a 12 month high of $76.14.

C has been the topic of a number of research analyst reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and set a $73.00 price target on shares of Citigroup in a report on Wednesday, September 13th. Vetr raised Citigroup from a “buy” rating to a “strong-buy” rating and set a $73.42 price target on the stock in a report on Monday, June 26th. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $68.00 price target on shares of Citigroup in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and an average target price of $74.17.

WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/12/citigroup-inc-c-releases-earnings-results-beats-estimates-by-0-10-eps.html.

In other Citigroup news, CEO Francisco Aristeguieta sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $67.55, for a total value of $2,702,000.00. Following the completion of the transaction, the chief executive officer now directly owns 77,570 shares of the company’s stock, valued at $5,239,853.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey R. Walsh sold 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $68.97, for a total value of $344,850.00. Following the completion of the transaction, the insider now directly owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Citigroup announced that its Board of Directors has approved a share buyback program on Wednesday, June 28th that allows the company to buyback $15.60 billion in shares. This buyback authorization allows the financial services provider to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Earnings History for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.