FY2020 EPS Estimates for Citizens Financial Group Inc Cut by Jefferies Financial Group (NYSE:CFG)

Citizens Financial Group Inc (NYSE:CFG) – Stock analysts at Jefferies Financial Group dropped their FY2020 earnings per share estimates for Citizens Financial Group in a research report issued on Tuesday, July 9th. Jefferies Financial Group analyst K. Usdin now anticipates that the bank will post earnings per share of $4.05 for the year, down from their previous forecast of $4.15.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. During the same period in the previous year, the firm earned $0.78 earnings per share.



CFG has been the topic of a number of other reports. Argus started coverage on shares of Citizens Financial Group in a report on Wednesday, June 19th. They set a “hold” rating on the stock. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday. UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.21.

Shares of NYSE:CFG opened at $35.75 on Thursday. The firm has a market capitalization of $16.04 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.44. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $41.76. The business’s fifty day simple moving average is $34.67. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57.

A number of large investors have recently added to or reduced their stakes in CFG. Semmax Financial Advisors Inc. acquired a new stake in Citizens Financial Group during the fourth quarter worth approximately $26,000. Zions Bancorporation N.A. bought a new position in Citizens Financial Group in the first quarter worth approximately $29,000. PRW Wealth Management LLC bought a new position in Citizens Financial Group in the fourth quarter worth approximately $32,000. Liberty Wealth Management LLC bought a new position in Citizens Financial Group in the first quarter worth approximately $34,000. Finally, Sageworth Trust Co bought a new position in Citizens Financial Group in the first quarter worth approximately $50,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

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 provides 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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