Citizens Financial Group (CFG) to Release Earnings on Friday

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

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

Citizens Financial Group stock opened at $47.06 on Thursday. The business has a fifty day moving average of $45.62 and a two-hundred day moving average of $42.48. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.74 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.76 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CFG. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

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.