Citigroup (C) to Release Earnings on Friday

Citigroup (NYSE:CGet Free Report) will post its quarterly earnings results before the market opens on Friday, July 12th. Analysts expect Citigroup to post earnings of $1.43 per share for the quarter. Citigroup has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Citigroup Stock Up 0.6 %

Shares of C opened at $66.96 on Thursday. The stock has a market cap of $127.72 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.99 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup has a 12 month low of $38.17 and a 12 month high of $66.99. The company has a 50-day moving average price of $62.54 and a two-hundred day moving average price of $58.75.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $65.00 price target on shares of Citigroup in a report on Thursday, June 20th. HSBC boosted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Royal Bank of Canada boosted their price objective on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Piper Sandler boosted their price target on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Oppenheimer cut their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.16.

View Our Latest Analysis on C

About Citigroup

(Get Free Report)

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.

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Earnings History for Citigroup (NYSE:C)

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