Citigroup (C) to Release Earnings on Thursday

Thursday, April 8, 2021 | MarketBeat

Citigroup (NYSE:C) is set to announce its earnings results before the market opens on Thursday, April 15th. Analysts expect the company to announce earnings of $1.98 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, January 14th. The company reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.34 by $0.74. The business had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.71 billion. Citigroup had a return on equity of 6.63% and a net margin of 13.17%. The firm's revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. On average, analysts expect Citigroup to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Citigroup stock opened at $72.69 on Thursday. The company's fifty day moving average price is $70.67 and its two-hundred day moving average price is $58.18. Citigroup has a one year low of $38.76 and a one year high of $76.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $151.68 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.25 and a beta of 1.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Monday, May 3rd will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, April 30th. This represents a $2.04 dividend on an annualized basis and a yield of 2.81%. Citigroup's payout ratio is presently 41.80%.

A number of analysts have issued reports on C shares. Edward Jones lowered Citigroup from a "buy" rating to a "hold" rating in a report on Monday, March 29th. Credit Suisse Group upped their target price on shares of Citigroup from $65.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, December 11th. Wells Fargo & Company raised their price target on shares of Citigroup from $74.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, March 8th. Barclays boosted their price objective on shares of Citigroup from $77.00 to $84.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Zacks Investment Research raised Citigroup from a "hold" rating to a "strong-buy" rating and set a $70.00 target price on the stock in a research report on Wednesday, December 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. The company currently has a consensus rating of "Buy" and an average price target of $72.66.

About Citigroup

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).

Further Reading: What is the CAC 40 Index?

Earnings History for Citigroup (NYSE:C)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Analyzing a company’s cash flow statement



7 Sports Betting Stocks That Will Shine Beyond March Madness

One of the many consequences of the novel coronavirus was the shutdown of live sports. For sports-minded individuals, one of the events that were missed the most was the NCAA Basketball Tournament affectionately known as March Madness.

But in addition to missing the entertainment that sports provide, cities and states realized, if they didn’t already, that sports are an economic necessity.

Live sports may also be a key to their post-pandemic future. But this goes beyond hotels and restaurants.

Sports betting has become big business. Currently, 25 states and the District of Columbia have legalized sports betting either by statute or by ballot initiative. That list is likely to grow. Many states face budget deficits and want to legalize sports betting for the revenue that it could receive.

And this is about more than allowing gamblers to place bets via a sportsbook in a casino. The real driver for this is mobile sports betting. According to the American Gaming Association, over 47 million people are expected to place bets during the NCAA basketball tournament, with approximately one-third of those bets (17.8 million) being placed online.

To help you take advantage of this still-emerging trend, we’ve put together this special presentation. Here we’ll highlight seven sports betting stocks that should generate significant revenue during March Madness and beyond.

View the "7 Sports Betting Stocks That Will Shine Beyond March Madness".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.