Oppenheimer Weighs in on Citigroup Inc’s Q2 2018 Earnings (C)
Citigroup Inc (NYSE:C) – Stock analysts at Oppenheimer reduced their Q2 2018 earnings per share estimates for shares of Citigroup in a report issued on Tuesday. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $1.55 for the quarter, down from their prior estimate of $1.60. Oppenheimer also issued estimates for Citigroup’s Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.58 EPS and FY2019 earnings at $7.15 EPS.
Other equities analysts have also recently issued research reports about the company. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Nomura upped their price target on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, BidaskClub cut Citigroup from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $79.30.
Citigroup (C) opened at $78.30 on Thursday. The stock has a market capitalization of $207,030.00, a PE ratio of -27.09, a PEG ratio of 1.47 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44.
Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s dividend payout ratio (DPR) is currently -44.29%.
A number of large investors have recently bought and sold shares of C. Catamount Wealth Management purchased a new stake in shares of Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Citigroup by 206.0% in the second 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 grew its position in shares of Citigroup by 20.2% in the second 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 grew its position in shares of Citigroup by 21.4% in the second 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 purchased a new stake in shares of Citigroup in the fourth quarter valued at approximately $117,000. Institutional investors own 78.53% of the company’s stock.
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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