Citigroup (C) Expected to Announce Earnings on Tuesday

Citigroup (NYSE:C) will likely be announcing its earnings results before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $1.84 per share and revenue of $21.34 billion for the quarter. Citigroup has set its FY 2025 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, analysts expect Citigroup to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Citigroup Stock Up 0.2 %

Shares of C opened at $61.73 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup has a 52 week low of $53.51 and a 52 week high of $84.74. The stock has a market capitalization of $116.19 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.64 and a beta of 1.29. The stock has a fifty day moving average of $72.91 and a 200-day moving average of $70.94.

Citigroup announced that its board has authorized a stock buyback program on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.63%. Citigroup’s payout ratio is presently 37.65%.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the sale, the chief financial officer now directly owns 217,331 shares of the company’s stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sara Wechter sold 15,125 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the transaction, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,590 shares of company stock worth $8,523,149. Corporate insiders own 0.08% of the company’s stock.

Institutional Trading of Citigroup

A hedge fund recently raised its stake in Citigroup stock. Brighton Jones LLC raised its stake in Citigroup Inc. (NYSE:C) by 166.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,990 shares of the company’s stock after purchasing an additional 12,499 shares during the quarter. Brighton Jones LLC’s holdings in Citigroup were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on C shares. The Goldman Sachs Group cut their target price on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. JPMorgan Chase & Co. cut their price target on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley decreased their price objective on Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. StockNews.com downgraded Citigroup from a “buy” rating to a “hold” rating in a report on Sunday, March 30th. Finally, Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus price target of $84.54.

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.