Citizens Financial Group (CFG) Set to Announce Quarterly Earnings on Tuesday

Citizens Financial Group (NYSE:CFGGet Rating) will be announcing its earnings results before the market opens on Tuesday, April 19th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Citizens Financial Group (NYSE:CFGGet Rating) last announced its quarterly earnings results on Wednesday, January 19th. The bank reported $1.26 EPS for the quarter, topping the consensus estimate of $1.16 by $0.10. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Citizens Financial Group had a net margin of 33.19% and a return on equity of 11.32%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. On average, analysts expect Citizens Financial Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of CFG stock opened at $40.87 on Monday. The stock has a market cap of $17.25 billion, a P/E ratio of 7.92 and a beta of 1.44. Citizens Financial Group has a 52 week low of $39.56 and a 52 week high of $57.00. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $48.53 and its two-hundred day simple moving average is $49.20.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 11th. Stockholders of record on Monday, January 31st were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, January 28th. Citizens Financial Group’s dividend payout ratio is 30.23%.

A number of hedge funds have recently modified their holdings of CFG. Sequoia Financial Advisors LLC bought a new position in Citizens Financial Group in the 4th quarter worth about $257,000. Sei Investments Co. grew its stake in Citizens Financial Group by 24.3% in the 4th quarter. Sei Investments Co. now owns 124,571 shares of the bank’s stock worth $5,917,000 after acquiring an additional 24,376 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Citizens Financial Group by 6.6% during the fourth quarter. Advisors Asset Management Inc. now owns 23,207 shares of the bank’s stock valued at $1,097,000 after purchasing an additional 1,437 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of Citizens Financial Group by 11.8% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 52,192 shares of the bank’s stock valued at $2,466,000 after purchasing an additional 5,512 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Citizens Financial Group by 15.5% during the fourth quarter. Penserra Capital Management LLC now owns 13,074 shares of the bank’s stock valued at $691,000 after purchasing an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

CFG has been the topic of several recent research reports. UBS Group initiated coverage on shares of Citizens Financial Group in a research report on Thursday, January 13th. They set a “neutral” rating and a $58.00 target price on the stock. Barclays upped their target price on shares of Citizens Financial Group from $55.00 to $62.00 in a research report on Monday, January 3rd. Keefe, Bruyette & Woods cut shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $64.00 to $54.00 in a research report on Tuesday, April 5th. JPMorgan Chase & Co. upped their target price on shares of Citizens Financial Group from $56.50 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, February 3rd. Finally, Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Tuesday, March 29th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.75.

About Citizens Financial Group (Get Rating)

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.

See Also

Earnings History for Citizens Financial Group (NYSE:CFG)

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