Citizens Financial Group, Inc. (NYSE:CFG) Forecasted to Earn Q1 2024 Earnings of $0.78 Per Share

Citizens Financial Group, Inc. (NYSE:CFGFree Report) – Investment analysts at Zacks Research lifted their Q1 2024 EPS estimates for shares of Citizens Financial Group in a note issued to investors on Tuesday, April 2nd. Zacks Research analyst R. Department now anticipates that the bank will earn $0.78 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.20 per share. Zacks Research also issued estimates for Citizens Financial Group’s Q2 2024 earnings at $0.80 EPS, Q3 2024 earnings at $0.84 EPS, Q4 2024 earnings at $0.88 EPS, FY2024 earnings at $3.30 EPS, Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.13 EPS and Q1 2026 earnings at $1.06 EPS.

Other analysts also recently issued reports about the company. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. The Goldman Sachs Group increased their price target on shares of Citizens Financial Group from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. UBS Group boosted their price objective on shares of Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Wedbush reduced their target price on Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th. Finally, StockNews.com cut Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.63.

Check Out Our Latest Research Report on CFG

Citizens Financial Group Trading Down 0.4 %

Shares of Citizens Financial Group stock opened at $34.91 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50-day moving average of $33.03 and a 200-day moving average of $30.07. Citizens Financial Group has a 52-week low of $22.77 and a 52-week high of $36.38. The stock has a market cap of $16.00 billion, a PE ratio of 11.23 and a beta of 1.38.

Citizens Financial Group (NYSE:CFGGet Free Report) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.26). The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share.

Institutional Investors Weigh In On Citizens Financial Group

Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC increased its stake in shares of Citizens Financial Group by 100.8% in the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after purchasing an additional 496 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Citizens Financial Group during the fourth quarter worth about $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Clear Street Markets LLC boosted its holdings in shares of Citizens Financial Group by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock worth $29,000 after purchasing an additional 466 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the transaction, the insider now owns 43,885 shares of the company’s stock, valued at approximately $1,471,902.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, January 30th. Citizens Financial Group’s payout ratio is presently 54.02%.

About Citizens Financial Group

(Get Free Report)

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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Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

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