Citizens Financial Group, Inc. (CFG) Scheduled to Post Quarterly Earnings on Thursday
Citizens Financial Group, Inc. (NYSE:CFG) is scheduled to announce its earnings results on Thursday, October 19th.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.46 EPS. Citizens Financial Group’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect Citizens Financial Group to post $2.54 EPS for the current fiscal year and $2.80 EPS for the next fiscal year.
Shares of Citizens Financial Group, Inc. (NYSE CFG) opened at 37.45 on Thursday. Citizens Financial Group, Inc. has a 52 week low of $24.22 and a 52 week high of $39.75. The company’s 50 day moving average price is $35.26 and its 200-day moving average price is $35.31. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 15.99 and a beta of 1.37.
Citizens Financial Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $850.00 million in shares. This repurchase authorization allows the bank to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
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CFG has been the subject of several analyst reports. BidaskClub upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. TheStreet upgraded Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Citigroup Inc. reiterated a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Monday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $39.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.12.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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