Brokerages expect Citizens Financial Group (NYSE:CFG) to report earnings of $0.76 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Citizens Financial Group’s earnings, with estimates ranging from $0.74 to $0.78. Citizens Financial Group reported earnings per share of $0.61 during the same quarter last year, which would indicate a positive year over year growth rate of 24.6%. The firm is expected to issue its next earnings results before the market opens on Friday, April 20th.
On average, analysts expect that Citizens Financial Group will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.45. For the next fiscal year, analysts anticipate that the business will report earnings of $3.76 per share, with EPS estimates ranging from $3.53 to $3.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Citizens Financial Group.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS.
Several equities research analysts recently weighed in on CFG shares. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $40.00 to $39.00 in a report on Tuesday, December 19th. Barclays boosted their target price on Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada restated a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a report on Sunday, January 21st. Sanford C. Bernstein set a $52.00 target price on Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, ValuEngine upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $42.64.
Shares of Citizens Financial Group stock traded down $0.96 during trading on Wednesday, hitting $42.28. 3,787,183 shares of the stock traded hands, compared to its average volume of 4,406,085. Citizens Financial Group has a twelve month low of $31.51 and a twelve month high of $48.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $21,071.94, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.72 and a beta of 1.41.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. increased its position in Citizens Financial Group by 7.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock worth $674,000 after buying an additional 1,120 shares during the period. Pitcairn Co. increased its position in Citizens Financial Group by 8.9% in the 4th quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock worth $606,000 after buying an additional 1,182 shares during the period. First Republic Investment Management Inc. increased its position in Citizens Financial Group by 23.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock worth $290,000 after buying an additional 1,458 shares during the period. ETRADE Capital Management LLC increased its position in Citizens Financial Group by 6.5% in the 4th quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock worth $1,050,000 after buying an additional 1,532 shares during the period. Finally, Intrust Bank NA increased its position in Citizens Financial Group by 17.6% in the 4th quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock worth $450,000 after buying an additional 1,604 shares during the period. 97.11% of the stock is currently owned by institutional investors.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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