Citizens Financial Group (CFG) to Release Quarterly Earnings on Wednesday

Citizens Financial Group (NYSE:CFG) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $1.94 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. On average, analysts expect Citizens Financial Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $34.28 on Wednesday. Citizens Financial Group has a 1-year low of $32.06 and a 1-year high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14.99 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The firm’s 50 day simple moving average is $42.99 and its 200 day simple moving average is $43.93.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.90%. Citizens Financial Group’s payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Morgan Stanley cut their price objective on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Barclays lifted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Citigroup decreased their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

About Citizens Financial Group

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.