Citigroup Inc (NYSE:C) – Investment analysts at Seaport Global Securities issued their Q2 2020 earnings per share estimates for shares of Citigroup in a research note issued to investors on Wednesday, July 8th. Seaport Global Securities analyst J. Mitchell anticipates that the financial services provider will earn $0.32 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $65.00 price target on the stock. Seaport Global Securities also issued estimates for Citigroup’s Q3 2020 earnings at $0.99 EPS, Q4 2020 earnings at $0.98 EPS, FY2020 earnings at $3.35 EPS, Q1 2021 earnings at $1.18 EPS, Q2 2021 earnings at $1.27 EPS, Q3 2021 earnings at $1.49 EPS, Q4 2021 earnings at $1.93 EPS and FY2021 earnings at $5.85 EPS.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price target on Citigroup from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Oppenheimer reduced their price target on Citigroup from $93.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Deutsche Bank reiterated a “neutral” rating and set a $61.00 price target (down previously from $81.00) on shares of Citigroup in a report on Thursday, April 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price target on shares of Citigroup in a report on Friday, July 3rd. Finally, Standpoint Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Citigroup has an average rating of “Buy” and a consensus price target of $73.85.

NYSE:C opened at $52.20 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day simple moving average is $51.86 and its 200 day simple moving average is $58.19. The company has a market cap of $109.61 billion, a P/E ratio of 7.23, a P/E/G ratio of 1.54 and a beta of 1.82. Citigroup has a 52-week low of $32.00 and a 52-week high of $83.11.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.16. The firm had revenue of $20.73 billion for the quarter, compared to the consensus estimate of $18.98 billion. Citigroup had a return on equity of 9.15% and a net margin of 16.56%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS.

Several large investors have recently made changes to their positions in C. Lenox Wealth Management Inc. increased its holdings in shares of Citigroup by 71.6% during the first quarter. Lenox Wealth Management Inc. now owns 647 shares of the financial services provider’s stock worth $27,000 after buying an additional 270 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Citigroup by 47.1% in the first quarter. Larson Financial Group LLC now owns 756 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 242 shares during the last quarter. Wealth Quarterback LLC bought a new stake in shares of Citigroup in the fourth quarter worth $37,000. CVA Family Office LLC bought a new stake in shares of Citigroup in the first quarter worth $37,000. Finally, Arlington Partners LLC grew its stake in shares of Citigroup by 1,171.2% in the second quarter. Arlington Partners LLC now owns 750 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 691 shares during the last quarter. Institutional investors own 77.29% of the company’s stock.

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).

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Earnings History and Estimates for Citigroup (NYSE:C)

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