Q2 2018 EPS Estimates for Citigroup Inc (C) Lifted by Jefferies Group

Citigroup Inc (NYSE:C) – Equities research analysts at Jefferies Group raised their Q2 2018 earnings estimates for shares of Citigroup in a report issued on Tuesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $1.55 for the quarter, up from their prior estimate of $1.54. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock. Jefferies Group also issued estimates for Citigroup’s Q3 2018 earnings at $1.61 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $6.20 EPS and FY2019 earnings at $7.30 EPS.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share.

C has been the topic of several other research reports. Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $90.00 to $82.00 in a report on Tuesday. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of Citigroup in a report on Wednesday. Finally, BMO Capital Markets increased their target price on Citigroup from $75.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.30.

Shares of Citigroup (NYSE:C) opened at $78.30 on Thursday. The stock has a market capitalization of $207,030.00, a price-to-earnings ratio of -27.09, a PEG ratio of 1.47 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a 52 week low of $55.23 and a 52 week high of $78.44.

Hedge funds have recently modified their holdings of the business. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC grew its holdings in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Citigroup during the fourth quarter worth about $117,000. 78.53% of the stock is currently owned by institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is -44.29%.

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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 and Estimates for Citigroup (NYSE:C)

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