Citizens Financial Group (CFG) Scheduled to Post Earnings on Wednesday

Citizens Financial Group (NYSE:CFG) will be posting its quarterly earnings results before the market opens on Wednesday, July 17th. Analysts expect Citizens Financial Group to post earnings of $0.78 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company earned $1.00 EPS. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. On average, analysts expect Citizens Financial Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $38.20 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. Citizens Financial Group has a 52-week low of $22.77 and a 52-week high of $38.37. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.44 and a beta of 1.10. The business’s fifty day moving average is $35.45 and its 200 day moving average is $34.03.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.40%. Citizens Financial Group’s payout ratio is 60.87%.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the sale, the insider now owns 37,558 shares in the company, valued at approximately $1,265,704.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Argus increased their price objective on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Piper Sandler upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $35.00 to $41.00 in a report on Friday, April 26th. Wedbush dropped their target price on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, May 5th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.80.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.