Citizens Financial Group (CFG) to Release Earnings on Friday

Citizens Financial Group (NYSE:CFG) is anticipated to announce its earnings results before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $0.83 per share and revenue of $1,962,330.00 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. 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 Trading Up 3.0 %

Shares of CFG opened at $47.06 on Thursday. Citizens Financial Group has a 52-week low of $30.24 and a 52-week high of $49.25. The stock has a market cap of $20.74 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The firm’s fifty day moving average is $45.62 and its two-hundred day moving average is $42.48. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

CFG has been the topic of a number of research reports. Citigroup increased their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Compass Point upped their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Truist Financial began coverage on Citizens Financial Group in a research report on Tuesday, January 7th. They issued a “hold” rating and a $49.00 price target for the company. Finally, Evercore ISI decreased their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

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.