Q4 2017 EPS Estimates for Citigroup Inc (C) Cut by Jefferies Group
Citigroup Inc (NYSE:C) – Research analysts at Jefferies Group decreased their Q4 2017 EPS estimates for Citigroup in a research report issued on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will earn $1.14 per share for the quarter, down from their previous estimate of $1.24. Jefferies Group has a “Neutral” rating and a $81.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $6.10 EPS.
C has been the topic of several other research reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Raymond James Financial assumed coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley upped their price target on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen 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 an average target price of $78.02.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in C. Janus Henderson Group PLC raised its stake in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after purchasing an additional 6,688,305 shares during the period. Lazard Asset Management LLC raised its stake in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares during the period. PointState Capital LP acquired a new stake in Citigroup during the 2nd quarter valued at $321,322,000. Pioneer Investment Management Inc. raised its stake in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after purchasing an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after purchasing an additional 4,413,329 shares during the period. 78.54% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/q4-2017-eps-estimates-for-citigroup-inc-c-cut-by-jefferies-group/1802567.html.
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.
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.