Citizens Financial Group (CFG) Scheduled to Post Quarterly Earnings on Friday

Citizens Financial Group (NYSE:CFG) is scheduled to 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.

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

Shares of NYSE CFG traded up $1.36 during midday trading on Wednesday, reaching $47.06. 4,279,534 shares of the stock were exchanged, compared to its average volume of 3,567,714. Citizens Financial Group has a 12 month low of $30.24 and a 12 month high of $49.25. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The business has a 50-day simple moving average of $45.62 and a two-hundred day simple moving average of $42.48.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CFG. Evercore ISI decreased their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Truist Financial began coverage on shares of Citizens Financial Group in a report on Tuesday, January 7th. They set a “hold” rating and a $49.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.