Citigroup (NYSE:C) announced its earnings results on Tuesday. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09, Briefing.com reports. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year.

Citigroup (NYSE:C) opened at $76.84 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a 52 week low of $55.23 and a 52 week high of $77.92. The company has a market cap of $203,170.00, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56.

C has been the topic of several research analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 target price (up previously from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Nomura raised their price target on shares of Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $77.92.

TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/16/citigroup-c-releases-quarterly-earnings-results-beats-expectations-by-0-09-eps.html.

About Citigroup

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