Citigroup Inc. Forecasted to Earn Q4 2022 Earnings of $1.46 Per Share (NYSE:C)

Citigroup Inc. (NYSE:CGet Rating) – Research analysts at Oppenheimer upped their Q4 2022 earnings per share (EPS) estimates for shares of Citigroup in a report issued on Friday, July 29th. Oppenheimer analyst C. Kotowski now expects that the company will post earnings of $1.46 per share for the quarter, up from their previous estimate of $1.42. Oppenheimer currently has a “Outperform” rating and a $86.00 price target on the stock. The consensus estimate for Citigroup’s current full-year earnings is $7.17 per share.

Citigroup (NYSE:CGet Rating) last announced its quarterly earnings results on Friday, July 15th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.62 by $0.57. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Citigroup had a return on equity of 10.25% and a net margin of 20.06%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.84 EPS.

Other equities research analysts have also issued reports about the company. TheStreet lowered Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. Wells Fargo & Company cut their price target on Citigroup from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Jefferies Financial Group cut their price target on Citigroup from $54.00 to $48.00 in a report on Monday, July 11th. Evercore ISI set a $54.00 price target on Citigroup in a report on Tuesday, July 19th. Finally, Cfra reiterated a “buy” rating and set a $62.00 price target on shares of Citigroup in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of “Hold” and a consensus price target of $62.95.

Citigroup Trading Down 0.6 %

Shares of NYSE C opened at $51.90 on Monday. The business has a 50 day simple moving average of $49.39 and a 200 day simple moving average of $54.32. Citigroup has a 52 week low of $43.44 and a 52 week high of $74.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap of $102.81 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.64 and a beta of 1.60.

Institutional Trading of Citigroup

Several large investors have recently made changes to their positions in C. AM Investment Strategies LLC raised its holdings in Citigroup by 0.7% in the 4th quarter. AM Investment Strategies LLC now owns 22,279 shares of the company’s stock worth $1,345,000 after acquiring an additional 164 shares during the last quarter. Affinity Investment Advisors LLC raised its holdings in Citigroup by 3.5% in the 4th quarter. Affinity Investment Advisors LLC now owns 5,083 shares of the company’s stock worth $307,000 after acquiring an additional 172 shares during the last quarter. Horan Securities Inc. raised its holdings in Citigroup by 18.0% in the 2nd quarter. Horan Securities Inc. now owns 1,269 shares of the company’s stock worth $64,000 after acquiring an additional 194 shares during the last quarter. Connable Office Inc. grew its position in Citigroup by 0.3% in the 4th quarter. Connable Office Inc. now owns 57,976 shares of the company’s stock worth $3,501,000 after purchasing an additional 196 shares during the period. Finally, Rise Advisors LLC grew its position in Citigroup by 30.6% in the 2nd quarter. Rise Advisors LLC now owns 846 shares of the company’s stock worth $39,000 after purchasing an additional 198 shares during the period. Institutional investors own 74.91% of the company’s stock.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, July 29th. Citigroup’s payout ratio is presently 26.09%.

Citigroup Company Profile

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Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in 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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