Citigroup Inc (C) to Post Q1 2018 Earnings of $1.58 Per Share, Jefferies Group Forecasts
Citigroup Inc (NYSE:C) – Equities researchers at Jefferies Group issued their Q1 2018 EPS estimates for Citigroup in a research report issued on Tuesday. Jefferies Group analyst K. Usdin expects that the financial services provider will post earnings of $1.58 per share for the quarter. Jefferies Group currently has a “Neutral” rating and a $81.00 price target on the stock. Jefferies Group also issued estimates for Citigroup’s Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.59 EPS and Q4 2018 earnings at $1.39 EPS.
C has been the topic of a number of other research reports. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays lifted their target price on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $78.02.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The company’s revenue was up 2.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Catamount Wealth Management bought a new stake in Citigroup during the 2nd quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC raised its position in Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC raised its position in Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in Citigroup during the 4th quarter valued at $117,000. Institutional investors own 78.54% of the company’s stock.
Citigroup Company Profile
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.
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