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 issued its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.85 EPS. Citizens Financial Group’s quarterly revenue was down 5.6% compared to the same quarter last year. 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

NYSE:CFG traded up $1.36 during mid-day trading on Wednesday, hitting $47.06. The stock had a trading volume of 4,279,534 shares, compared to its average volume of 3,567,714. The company’s 50 day simple moving average is $45.62 and its 200 day simple moving average is $42.48. The stock 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. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lifted their target price 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. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, December 18th. Truist Financial began coverage on shares of Citizens Financial Group in a research report on Tuesday, January 7th. They issued a “hold” rating and a $49.00 price objective on the stock. Compass Point raised their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price 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.