Equities analysts expect Citigroup Inc. (NYSE:C) to post sales of $17.56 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Citigroup’s earnings, with the lowest sales estimate coming in at $17.35 billion and the highest estimate coming in at $17.77 billion. Citigroup reported sales of $17.01 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, January 16th.
According to Zacks, analysts expect that Citigroup will report full-year sales of $17.56 billion for the current year, with estimates ranging from $70.85 billion to $72.02 billion. For the next fiscal year, analysts forecast that the firm will post sales of $74.11 billion per share, with estimates ranging from $73.03 billion to $75.40 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Citigroup.
Citigroup (NYSE:C) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. Citigroup’s revenue for the quarter was up 2.3% compared to the same quarter last year.
Several equities analysts recently commented on the stock. Wells Fargo & Company set a $95.00 price target on shares of Citigroup and gave the stock a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Nomura upped their price target on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target for the company in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup has an average rating of “Buy” and a consensus target price of $76.78.
Institutional investors have recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in Citigroup by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 40 shares during the last quarter. Leisure Capital Management boosted its stake in Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 59 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in Citigroup by 2.0% during the 1st quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 74 shares during the last quarter. Halbert Hargrove Russell LLC boosted its stake in Citigroup by 1.6% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 74 shares during the last quarter. Finally, Usca Ria LLC boosted its stake in Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after acquiring an additional 90 shares during the last quarter. 78.47% of the stock is owned by institutional investors.
Shares of Citigroup (C) traded up $1.05 during mid-day trading on Wednesday, reaching $75.75. 2,615,769 shares of the company traded hands, compared to its average volume of 16,991,412. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $200,071.63, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 3rd. Citigroup’s payout ratio is currently 24.66%.
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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.
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