Citizens Financial Group (CFG) Scheduled to Post Earnings on Wednesday

Citizens Financial Group (NYSE:CFG) is scheduled to be posting its quarterly earnings results 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 that wish to listen to the company’s earnings conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data 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). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was down 6.3% 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 Stock Up 3.2 %

CFG stock opened at $42.61 on Monday. The stock’s 50 day simple moving average is $40.95 and its 200 day simple moving average is $37.84. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $43.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $19.39 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Insider Activity

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 stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group upped their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, September 30th. Raymond James began coverage on Citizens Financial Group in a research note on Thursday, July 11th. They issued a “market perform” rating for the company. Morgan Stanley increased their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, DA Davidson increased their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company 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.