Citizens Financial Group (NYSE:CFG – Get Free Report) 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 – Get Free Report) 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
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.
View Our Latest Report on Citizens Financial Group
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.
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