Citizens Financial Group (CFG) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Citizens Financial Group (NYSE:CFG) issued its quarterly earnings results on Friday. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04, Bloomberg Earnings reports. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year.
Shares of Citizens Financial Group (NYSE CFG) opened at $46.82 on Friday. The company has a market capitalization of $23,035.02, a P/E ratio of 14.32, a P/E/G ratio of 0.71 and a beta of 1.37. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $47.32. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, September 25th. Deutsche Bank reiterated a “hold” rating and issued a $36.00 price objective (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Bank of America reiterated an “underperform” rating and issued a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Citigroup reiterated a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Finally, Barclays upped their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.46.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.