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

Citizens Financial Group (NYSE:CFG) is set to issue its quarterly earnings data before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $0.83 per share and revenue of $1,962,330.00 billion for the quarter.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates 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 was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $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 Performance

Citizens Financial Group stock traded up $1.36 during mid-day trading on Wednesday, reaching $47.06. The company’s stock had a trading volume of 4,279,534 shares, compared to its average volume of 3,567,714. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25. The business has a 50 day moving average price of $45.62 and a 200-day moving average price of $42.48. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.76 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CFG. Compass Point lifted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Citigroup upped their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Evercore ISI cut their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

About Citizens Financial Group

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.