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

Citizens Financial Group (NYSE:CFG) is set to issue its quarterly earnings data before the market opens on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

CFG opened at $43.27 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average price is $41.05 and its two-hundred day moving average price is $37.89. Citizens Financial Group has a 1-year low of $22.77 and a 1-year high of $43.96. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.42 and a beta of 1.07.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.42 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.88%. Citizens Financial Group’s payout ratio is 60.87%.

Insider Buying and Selling at Citizens Financial Group

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CFG shares. UBS Group upped their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group increased their price target 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 shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. DA Davidson lifted their target price on shares of Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, StockNews.com downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and an average target price of $43.07.

Citizens Financial Group Company Profile

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.