Citigroup (C) Scheduled to Post Quarterly Earnings on Friday

Citigroup (NYSE:C) is scheduled to issue its quarterly earnings data before the market opens on Friday, July 12th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Citigroup has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. During the same period in the previous year, the company posted $1.86 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect Citigroup to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Citigroup Stock Down 0.3 %

C stock opened at $64.46 on Friday. Citigroup has a 1-year low of $38.17 and a 1-year high of $65.22. The business has a fifty day moving average price of $62.25 and a 200-day moving average price of $58.27. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $122.95 billion, a P/E ratio of 19.07, a P/E/G ratio of 0.99 and a beta of 1.46.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. HSBC upped their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a research report on Monday, April 1st. Morgan Stanley reiterated an “overweight” rating and set a $65.00 price objective on shares of Citigroup in a research report on Thursday, June 20th. Jefferies Financial Group upped their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.16.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.