Brokerages expect Citigroup Inc (NYSE:C) to announce earnings of $1.66 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Citigroup’s earnings, with the highest EPS estimate coming in at $1.71 and the lowest estimate coming in at $1.59. Citigroup reported earnings of $1.42 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Friday, October 12th.

On average, analysts expect that Citigroup will report full-year earnings of $6.59 per share for the current fiscal year, with EPS estimates ranging from $6.50 to $6.70. For the next year, analysts anticipate that the business will report earnings of $7.56 per share, with EPS estimates ranging from $7.20 to $7.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Citigroup.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, July 13th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.08. The company had revenue of $18.47 billion during the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a negative net margin of 5.45% and a positive return on equity of 8.78%.

Several analysts recently commented on the stock. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Monday, August 27th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Goldman Sachs Group set a $78.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research report on Friday, July 20th. Finally, Morgan Stanley cut their price objective on shares of Citigroup from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. Citigroup has an average rating of “Hold” and a consensus target price of $81.65.

In related news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Raja Akram sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total transaction of $34,605.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of C. State of New Jersey Common Pension Fund D raised its stake in Citigroup by 3.5% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 2,981,000 shares of the financial services provider’s stock worth $201,218,000 after acquiring an additional 100,000 shares during the period. Tiverton Asset Management LLC raised its stake in Citigroup by 120.7% during the 1st quarter. Tiverton Asset Management LLC now owns 56,050 shares of the financial services provider’s stock worth $3,783,000 after acquiring an additional 30,657 shares during the period. Signaturefd LLC raised its stake in Citigroup by 42.5% during the 1st quarter. Signaturefd LLC now owns 13,140 shares of the financial services provider’s stock worth $887,000 after acquiring an additional 3,919 shares during the period. AdvisorNet Financial Inc raised its stake in Citigroup by 102.8% during the 1st quarter. AdvisorNet Financial Inc now owns 6,992 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 3,544 shares during the period. Finally, US Bancorp DE raised its stake in Citigroup by 2.0% during the 1st quarter. US Bancorp DE now owns 529,847 shares of the financial services provider’s stock worth $35,764,000 after acquiring an additional 10,476 shares during the period. 74.78% of the stock is currently owned by institutional investors.

Shares of Citigroup stock opened at $74.79 on Tuesday. Citigroup has a 1 year low of $64.38 and a 1 year high of $80.70. The stock has a market capitalization of $189.47 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 1.00.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.32. Citigroup’s dividend payout ratio (DPR) is presently 33.77%.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

See Also: Earnings Per Share (EPS)

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Earnings History and Estimates for Citigroup (NYSE:C)

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