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

Citizens Financial Group (NYSE:CFG) will release its earnings data before the market opens on Wednesday, October 16th. Analysts expect Citizens Financial Group to post earnings of $0.80 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. Citizens Financial Group’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. 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

Shares of CFG stock opened at $41.21 on Wednesday. The stock has a market cap of $18.75 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. The stock has a 50-day moving average of $40.94 and a 200-day moving average of $37.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group has a one year low of $22.77 and a one year high of $43.96.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.08%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CFG shares. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Stephens increased their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. UBS Group lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Raymond James initiated coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating for the company. Finally, Evercore ISI cut their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.07.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.62% of the stock is owned by corporate insiders.

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.