Brokerages Expect Citizens Financial Group (CFG) Will Post Quarterly Sales of $1.47 Billion

Analysts expect Citizens Financial Group (NYSE:CFG) to post sales of $1.47 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Citizens Financial Group’s earnings, with estimates ranging from $1.46 billion to $1.47 billion. Citizens Financial Group posted sales of $1.38 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The business is expected to issue its next earnings results before the market opens on Friday, April 20th.

On average, analysts expect that Citizens Financial Group will report full-year sales of $1.47 billion for the current year, with estimates ranging from $5.94 billion to $6.12 billion. For the next fiscal year, analysts forecast that the company will report sales of $6.40 billion per share, with estimates ranging from $6.22 billion to $6.48 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Citizens Financial Group.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. Citizens Financial Group’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS.



A number of equities analysts have weighed in on the company. Citigroup decreased their price target on Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Monday. Deutsche Bank upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, April 3rd. Zacks Investment Research cut Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. ValuEngine upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Sanford C. Bernstein set a $52.00 price target on Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Four research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $42.64.

NYSE CFG opened at $43.24 on Friday. The company has a market capitalization of $20,808.78, a price-to-earnings ratio of 16.76, a P/E/G ratio of 0.71 and a beta of 1.41. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $48.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96.

Several institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Citizens Financial Group by 7.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after buying an additional 1,120 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Citizens Financial Group by 8.9% during the 4th quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock valued at $606,000 after buying an additional 1,182 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Citizens Financial Group by 23.6% during the 3rd quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock valued at $290,000 after buying an additional 1,458 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Citizens Financial Group by 6.5% during the 4th quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock valued at $1,050,000 after buying an additional 1,532 shares during the last quarter. Finally, Intrust Bank NA boosted its stake in shares of Citizens Financial Group by 17.6% during the 4th quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock valued at $450,000 after buying an additional 1,604 shares during the last quarter. Institutional investors own 97.11% of the company’s stock.

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About Citizens Financial Group

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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