Citigroup (C) Announces Earnings Results

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Citigroup Inc (NYSE:C) posted its quarterly earnings data on Monday. The financial services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06, Bloomberg Earnings reports. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $17.57 billion. During the same quarter last year, the company earned $1.28 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year.

C stock traded up $1.36 during midday trading on Tuesday, hitting $60.29. The stock had a trading volume of 8,834,654 shares, compared to its average volume of 23,400,612. The stock has a market capitalization of $145.70 billion, a P/E ratio of 11.31, a PEG ratio of 0.66 and a beta of 1.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $80.70.

C has been the subject of several research analyst reports. Vining Sparks restated a “buy” rating and set a $77.00 price target on shares of Citigroup in a report on Tuesday, October 9th. Deutsche Bank raised their price target on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Tuesday, October 16th. Standpoint Research raised Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price for the company in a research report on Wednesday, December 26th. Finally, Wells Fargo & Co downgraded Citigroup to a “buy” rating in a report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.04.

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About Citigroup

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.

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Earnings History for Citigroup (NYSE:C)

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