Analysts predict that Citigroup Inc (NYSE:C) will post $18.70 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Citigroup’s earnings. The highest sales estimate is $18.92 billion and the lowest is $18.55 billion. Citigroup posted sales of $18.47 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The company is scheduled to issue its next earnings results on Friday, July 12th.

On average, analysts expect that Citigroup will report full-year sales of $74.08 billion for the current year, with estimates ranging from $73.57 billion to $74.41 billion. For the next financial year, analysts expect that the company will post sales of $76.78 billion, with estimates ranging from $75.92 billion to $77.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Citigroup.

Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.09. The company had revenue of $18.58 billion for the quarter, compared to analysts’ expectations of $18.56 billion. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS.

C has been the topic of several analyst reports. TheStreet raised shares of Citigroup from a “c+” rating to a “b” rating in a research report on Friday, January 25th. HSBC set a $76.00 target price on shares of Citigroup and gave the stock a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Monday, March 18th. Jefferies Financial Group raised shares of Citigroup from a “hold” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $73.00 in a research report on Friday, February 22nd. Finally, UBS Group lifted their target price on shares of Citigroup from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Citigroup has an average rating of “Buy” and a consensus target price of $80.45.

In related news, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of C. Castle Rock Wealth Management LLC bought a new position in Citigroup during the first quarter worth $12,444,000. LFA Lugano Financial Advisors SA bought a new position in Citigroup during the first quarter worth $27,000. Harvest Group Wealth Management LLC bought a new position in Citigroup during the first quarter worth $28,000. Farmers National Bank bought a new position in Citigroup during the first quarter worth $34,000. Finally, Evolution Wealth Advisors LLC bought a new position in Citigroup during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 72.18% of the company’s stock.

Citigroup stock opened at $64.66 on Monday. The company has a market capitalization of $169.83 billion, a PE ratio of 9.72, a PEG ratio of 0.72 and a beta of 1.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. Citigroup has a fifty-two week low of $48.42 and a fifty-two week high of $75.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio is currently 27.07%.

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).

Read More: Strangles

Get a free copy of the Zacks research report on Citigroup (C)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.