Citigroup (C) Set to Announce Earnings on Thursday


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Citigroup (NYSE:C) will be releasing its earnings data before the market opens on Thursday, April 15th. Analysts expect Citigroup to post earnings of $1.98 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, January 14th. The company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.74. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The business had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.71 billion. During the same period in the prior year, the firm posted $1.90 EPS. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, analysts expect Citigroup to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

C stock opened at $72.06 on Wednesday. The company has a market cap of $150.37 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $71.58 and a two-hundred day moving average price of $59.06. Citigroup has a 12-month low of $38.76 and a 12-month high of $76.13.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 3rd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, April 30th. Citigroup’s dividend payout ratio (DPR) is presently 41.80%.

C has been the subject of several analyst reports. Piper Sandler upped their target price on Citigroup from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, January 11th. Edward Jones lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Monday, March 29th. Daiwa Capital Markets initiated coverage on shares of Citigroup in a research report on Wednesday, January 6th. They issued a “buy” rating and a $75.00 price objective for the company. Berenberg Bank cut shares of Citigroup from a “buy” rating to a “hold” rating and boosted their target price for the stock from $55.00 to $70.00 in a research report on Thursday, January 21st. Finally, Morgan Stanley upped their target price on shares of Citigroup from $81.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $73.54.

About Citigroup

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

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Earnings History for Citigroup (NYSE:C)

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