Q2 2018 Earnings Forecast for Citigroup Issued By Jefferies Group (C)

Citigroup (NYSE:C) – Jefferies Group lifted their Q2 2018 earnings estimates for shares of Citigroup in a research note issued on Sunday, April 15th. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $1.56 per share for the quarter, up from their prior forecast of $1.54. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock.

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Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. Citigroup’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley increased their price target on shares of Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the company a “neutral” rating in a report on Wednesday, January 17th. ValuEngine upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, April 6th. Finally, HSBC upgraded shares of Citigroup from a “hold” rating to a “buy” rating and increased their price target for the company from $82.00 to $85.00 in a report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Citigroup currently has a consensus rating of “Hold” and an average target price of $81.01.

Shares of C opened at $68.98 on Tuesday. The stock has a market capitalization of $180,084.52, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70.

Several hedge funds have recently made changes to their positions in the company. Sawyer & Company Inc purchased a new position in Citigroup during the fourth quarter valued at $117,000. Baldwin Brothers Inc. MA grew its stake in Citigroup by 88.4% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 750 shares in the last quarter. Risk Paradigm Group LLC grew its stake in Citigroup by 829.2% during the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,733 shares in the last quarter. Lee Financial Co grew its stake in Citigroup by 57.0% during the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 813 shares in the last quarter. Finally, Omnia Family Wealth LLC grew its stake in Citigroup by 187.7% during the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Earnings History and Estimates for Citigroup (NYSE:C)

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