Wall Street analysts expect that Citizens Financial Group Inc (NYSE:CFG) will post earnings of $0.85 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Citizens Financial Group’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.84. Citizens Financial Group posted earnings per share of $0.63 in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Friday, July 20th.
According to Zacks, analysts expect that Citizens Financial Group will report full-year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.63. For the next financial year, analysts forecast that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.62 to $3.97. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Citizens Financial Group.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, April 20th. The bank reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Citizens Financial Group had a return on equity of 7.06% and a net margin of 26.00%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year.
CFG has been the topic of several research reports. Zacks Investment Research cut Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Citigroup cut their price objective on Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 9th. Morgan Stanley upped their target price on Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. Sandler O’Neill raised Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Finally, Deutsche Bank raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $45.82.
In other Citizens Financial Group news, insider Randall J. Black sold 792 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $41.49, for a total transaction of $32,860.08. Following the completion of the transaction, the insider now directly owns 34,258 shares of the company’s stock, valued at approximately $1,421,364.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CFG. Virtu Financial LLC bought a new position in Citizens Financial Group during the 4th quarter valued at $230,000. AXA lifted its position in shares of Citizens Financial Group by 85.5% during the 4th quarter. AXA now owns 206,698 shares of the bank’s stock valued at $8,677,000 after acquiring an additional 95,300 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Citizens Financial Group by 678.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 853,773 shares of the bank’s stock valued at $35,840,000 after acquiring an additional 744,116 shares during the last quarter. ETRADE Capital Management LLC lifted its position in shares of Citizens Financial Group by 6.5% during the 4th quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock valued at $1,050,000 after acquiring an additional 1,532 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Citizens Financial Group by 266.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 395,030 shares of the bank’s stock valued at $16,583,000 after acquiring an additional 287,200 shares during the last quarter. 95.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Citizens Financial Group traded down $0.25, hitting $39.79, during trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 3,093,673 shares, compared to its average volume of 4,816,992. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.98. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $48.23. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.56 and a beta of 1.39.
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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