$1.17 EPS Expected for Citizens Financial Group, Inc. (NYSE:CFG) This Quarter

Equities research analysts expect that Citizens Financial Group, Inc. (NYSE:CFG) will announce earnings per share of $1.17 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Citizens Financial Group’s earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.12. Citizens Financial Group reported earnings per share of $1.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The firm is expected to report its next earnings report on Wednesday, January 19th.

On average, analysts expect that Citizens Financial Group will report full year earnings of $5.25 per share for the current fiscal year, with EPS estimates ranging from $5.21 to $5.35. For the next financial year, analysts forecast that the firm will post earnings of $4.16 per share, with EPS estimates ranging from $3.92 to $4.41. Zacks’ EPS averages are an average based on a survey of analysts that cover Citizens Financial Group.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Tuesday, October 19th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Citizens Financial Group had a net margin of 31.99% and a return on equity of 10.99%. During the same period in the previous year, the company earned $0.73 earnings per share.

A number of research firms have recently issued reports on CFG. Morgan Stanley began coverage on shares of Citizens Financial Group in a research note on Wednesday. They issued an “overweight” rating and a $61.00 target price for the company. Jefferies Financial Group boosted their price objective on shares of Citizens Financial Group from $47.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 11th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $50.55.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CFG. Amundi Pioneer Asset Management Inc. grew its holdings in Citizens Financial Group by 2.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock worth $18,448,000 after acquiring an additional 15,663 shares during the period. Verition Fund Management LLC grew its holdings in Citizens Financial Group by 3.9% during the 1st quarter. Verition Fund Management LLC now owns 12,623 shares of the bank’s stock worth $557,000 after acquiring an additional 477 shares during the period. Eaton Vance Management acquired a new stake in Citizens Financial Group during the 1st quarter worth $137,000. Voloridge Investment Management LLC grew its holdings in Citizens Financial Group by 417.6% during the 1st quarter. Voloridge Investment Management LLC now owns 686,084 shares of the bank’s stock worth $30,291,000 after acquiring an additional 553,528 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Citizens Financial Group by 381.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,191,890 shares of the bank’s stock worth $52,622,000 after acquiring an additional 944,544 shares during the period. 91.26% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CFG traded up $0.20 during trading on Friday, reaching $51.04. The stock had a trading volume of 3,815,883 shares, compared to its average volume of 4,616,789. Citizens Financial Group has a 52 week low of $32.58 and a 52 week high of $51.54. The business’s 50-day moving average price is $47.97 and its 200 day moving average price is $46.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market capitalization of $21.75 billion, a PE ratio of 10.25, a P/E/G ratio of 0.44 and a beta of 1.67.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, October 28th. Citizens Financial Group’s dividend payout ratio is presently 31.33%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

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

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