Wall Street brokerages expect Citigroup Inc (NYSE:C) to announce sales of $18.59 billion for the current quarter, Zacks reports. Three analysts have issued estimates for Citigroup’s earnings, with the lowest sales estimate coming in at $18.36 billion and the highest estimate coming in at $18.99 billion. Citigroup posted sales of $18.12 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The business is expected to report its next earnings report on Thursday, April 12th.
On average, analysts expect that Citigroup will report full-year sales of $18.59 billion for the current financial year, with estimates ranging from $72.41 billion to $75.18 billion. For the next year, analysts expect that the company will post sales of $77.25 billion per share, with estimates ranging from $75.61 billion to $79.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Citigroup.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis.
Citigroup (C) opened at $74.99 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a 1 year low of $56.14 and a 1 year high of $80.70. The firm has a market capitalization of $198,270.00, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. Citigroup’s dividend payout ratio (DPR) is 23.06%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Catamount Wealth Management bought a new position in Citigroup in the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC increased its stake in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc bought a new position in Citigroup in the 4th quarter worth about $117,000. 80.94% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Citigroup Inc (C) Expected to Post Quarterly Sales of $18.59 Billion” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/08/citigroup-inc-c-expected-to-post-quarterly-sales-of-18-59-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.