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. Investors that are interested in participating in the company’s conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm 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%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 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.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $35.53 on Tuesday. The firm’s 50 day simple moving average is $41.85 and its 200 day simple moving average is $43.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.73%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CFG shares. Citigroup cut their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Barclays upped their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Truist Financial reduced their price target on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target 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.