Citigroup (NYSE:C) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Citigroup Inc (NYSE:C) released its quarterly earnings results on Tuesday. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.04, Briefing.com reports. The firm had revenue of $18.38 billion for the quarter, compared to the consensus estimate of $17.95 billion. Citigroup had a return on equity of 10.16% and a net margin of 18.28%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS.

Shares of C stock opened at $81.89 on Wednesday. The business’s 50 day moving average is $77.76 and its two-hundred day moving average is $71.64. Citigroup Inc has a twelve month low of $59.55 and a twelve month high of $83.11. The company has a market capitalization of $173.02 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.81. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36.

C has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Citigroup from $77.50 to $84.50 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Vining Sparks upgraded Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, October 9th. Bank of America raised their price target on Citigroup from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Goldman Sachs Group raised their price target on Citigroup from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, DA Davidson raised their price target on Citigroup from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus target price of $87.08.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Featured Story: What is the definition of a trade war?

Earnings History for Citigroup (NYSE:C)

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.