Citigroup (C) to Release Quarterly Earnings on Tuesday

Citigroup (NYSE:C - Get Free Report) is expected to release its earnings data before the market opens on Tuesday, April 15th. Analysts expect Citigroup to post earnings of $1.84 per share and revenue of $21.34 billion for the quarter. Citigroup has set its FY 2025 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.

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

Citigroup Stock Performance

Shares of Citigroup stock traded up $0.14 during trading on Friday, hitting $61.73. 24,756,920 shares of the stock were exchanged, compared to its average volume of 14,432,150. The stock has a market cap of $116.19 billion, a PE ratio of 10.38, a P/E/G ratio of 0.64 and a beta of 1.29. The stock's fifty day moving average is $72.91 and its 200 day moving average is $70.94. Citigroup has a 12 month low of $53.51 and a 12 month high of $84.74. 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 declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Citigroup Announces Dividend

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 given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 37.65%.

Insider Activity

In related news, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were 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 owns 217,331 shares in the company, valued at approximately $18,084,112.51. This represents a 21.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the completion of the transaction, the insider now directly owns 109,780 shares of the company's stock, valued at $8,893,277.80. This represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,590 shares of company stock worth $8,523,149. Insiders own 0.08% of the company's stock.

Institutional Trading of Citigroup

An institutional investor recently raised its position in Citigroup stock. Brighton Jones LLC increased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 166.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,990 shares of the company's stock after acquiring an additional 12,499 shares during the period. Brighton Jones LLC's holdings in Citigroup were worth $1,407,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analysts Forecast Growth

C has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Piper Sandler reissued an "overweight" rating and set a $83.00 target price (up previously from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. StockNews.com cut shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Finally, The Goldman Sachs Group dropped their target price on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.54.

About Citigroup

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.