Equities research analysts expect Citizens Financial Group Inc (NYSE:CFG) to report earnings of $0.90 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Citizens Financial Group’s earnings, with estimates ranging from $0.87 to $0.92. Citizens Financial Group reported earnings per share of $0.68 during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.4%. The company is scheduled to report its next earnings results on Friday, October 19th.

According to Zacks, analysts expect that Citizens Financial Group will report full year earnings of $3.49 per share for the current year, with EPS estimates ranging from $3.39 to $3.65. For the next year, analysts anticipate that the business will post earnings of $3.83 per share, with EPS estimates ranging from $3.66 to $3.97. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Citizens Financial Group.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Citizens Financial Group had a net margin of 26.72% and a return on equity of 7.59%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS.

CFG has been the subject of a number of recent analyst reports. Citigroup restated a “hold” rating on shares of Citizens Financial Group in a report on Friday, April 20th. ValuEngine downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, July 18th. BMO Capital Markets cut their price target on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating for the company in a report on Monday, April 23rd. Finally, Morgan Stanley raised their price target on shares of Citizens Financial Group from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, May 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $46.40.

In related news, insider Randall J. Black sold 792 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total value of $32,860.08. Following the completion of the sale, the insider now owns 34,258 shares in the company, valued at approximately $1,421,364.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. IFM Investors Pty Ltd increased its holdings in Citizens Financial Group by 8.1% in the 1st quarter. IFM Investors Pty Ltd now owns 16,234 shares of the bank’s stock valued at $682,000 after purchasing an additional 1,220 shares during the last quarter. Amalgamated Bank increased its holdings in Citizens Financial Group by 2.1% in the 2nd quarter. Amalgamated Bank now owns 62,504 shares of the bank’s stock valued at $2,431,000 after purchasing an additional 1,276 shares during the last quarter. Sei Investments Co. increased its holdings in Citizens Financial Group by 0.4% in the 2nd quarter. Sei Investments Co. now owns 315,289 shares of the bank’s stock valued at $12,264,000 after purchasing an additional 1,287 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Citizens Financial Group by 1.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 101,285 shares of the bank’s stock valued at $3,940,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in Citizens Financial Group by 23.4% in the 2nd quarter. Greenleaf Trust now owns 7,469 shares of the bank’s stock valued at $291,000 after purchasing an additional 1,414 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Shares of NYSE CFG traded up $0.23 during midday trading on Friday, reaching $40.69. 2,258,700 shares of the stock were exchanged, compared to its average volume of 4,693,479. The company has a market capitalization of $19.17 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.98. Citizens Financial Group has a twelve month low of $31.51 and a twelve month high of $48.23.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, July 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.22. Citizens Financial Group’s dividend payout ratio (DPR) is 41.86%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

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