Q1 2018 Earnings Estimate for Citigroup Inc Issued By Jefferies Group (C)
Citigroup Inc (NYSE:C) – Research analysts at Jefferies Group lowered their Q1 2018 EPS estimates for Citigroup in a report released on Tuesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $1.54 per share for the quarter, down from their previous estimate of $1.58. Jefferies Group has a “Hold” rating and a $83.00 price objective on the stock.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Citigroup (C) traded down $0.08 during mid-day trading on Friday, hitting $77.39. The company had a trading volume of 15,420,400 shares, compared to its average volume of 16,670,225. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $205,970.00, a P/E ratio of -26.78, a P/E/G ratio of 1.21 and a beta of 1.56. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44.
A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $919,000. Swedbank raised its stake in shares of Citigroup by 17.6% during the 2nd quarter. Swedbank now owns 2,127,262 shares of the financial services provider’s stock worth $142,271,000 after buying an additional 318,777 shares during the period. Trust Department MB Financial Bank N A raised its stake in shares of Citigroup by 1.0% during the 2nd quarter. Trust Department MB Financial Bank N A now owns 198,815 shares of the financial services provider’s stock worth $13,297,000 after buying an additional 2,033 shares during the period. NEXT Financial Group Inc raised its stake in shares of Citigroup by 9.7% during the 2nd quarter. NEXT Financial Group Inc now owns 15,449 shares of the financial services provider’s stock worth $1,033,000 after buying an additional 1,369 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of Citigroup by 32.9% during the 2nd quarter. Trust Co. of Vermont now owns 12,912 shares of the financial services provider’s stock worth $864,000 after buying an additional 3,198 shares during the period. 78.53% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Citigroup’s payout ratio is presently -44.29%.
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.
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.