Citigroup (NYSE:C) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Citigroup (NYSE:C) issued its quarterly earnings data on Wednesday. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12, Briefing.com reports. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the prior year, the company posted $0.84 earnings per share. Citigroup’s revenue for the quarter was up 12.3% on a year-over-year basis. Citigroup updated its FY 2025 guidance to EPS.

Citigroup Stock Performance

Shares of NYSE C opened at $78.51 on Friday. The firm has a market capitalization of $148.47 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 0.59 and a beta of 1.43. Citigroup has a one year low of $50.51 and a one year high of $79.25. The business has a fifty day simple moving average of $70.78 and a 200 day simple moving average of $65.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be given a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.85%. Citigroup’s dividend payout ratio is currently 64.93%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Evercore ISI upped their target price on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up from $80.00) on shares of Citigroup in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.93.

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

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.