Citigroup (NYSE:C) released its quarterly earnings data on Thursday. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.23, Briefing.com reports. The firm had revenue of $17.15 billion during the quarter, compared to the consensus estimate of $16.93 billion. Citigroup had a net margin of 27.21% and a return on equity of 12.10%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 earnings per share.
NYSE:C opened at $70.80 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $143.50 billion, a PE ratio of 7.12, a PEG ratio of 0.87 and a beta of 1.91. Citigroup has a 52-week low of $40.49 and a 52-week high of $80.29. The stock has a 50-day simple moving average of $71.16 and a 200 day simple moving average of $71.95.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Monday, August 2nd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, July 30th. Citigroup’s dividend payout ratio is currently 41.80%.
C has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Citigroup in a research note on Wednesday, July 7th. They set an “outperform” rating and a $85.00 price objective on the stock. Jefferies Financial Group boosted their price target on shares of Citigroup from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley lifted their price target on Citigroup from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Credit Suisse Group dropped their price target on Citigroup from $83.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, July 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of Citigroup in a research note on Wednesday, July 7th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.14.
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
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