Brokerages expect that Citizens Financial Group Inc (NYSE:CFG) will report sales of $1.46 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Citizens Financial Group’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.45 billion. Citizens Financial Group reported sales of $1.38 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The firm is expected to announce its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that Citizens Financial Group will report full-year sales of $1.46 billion for the current year, with estimates ranging from $5.94 billion to $6.12 billion. For the next fiscal year, analysts expect that the company will report sales of $6.39 billion per share, with estimates ranging from $6.22 billion to $6.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Citizens Financial Group.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $0.55 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis.
In other news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. RKL Wealth Management LLC lifted its holdings in shares of Citizens Financial Group by 8.9% during the 4th quarter. RKL Wealth Management LLC now owns 30,207 shares of the bank’s stock valued at $1,274,000 after purchasing an additional 2,466 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Citizens Financial Group by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,180 shares of the bank’s stock valued at $3,702,000 after purchasing an additional 2,865 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Citizens Financial Group by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 152,491 shares of the bank’s stock valued at $6,402,000 after purchasing an additional 5,327 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in shares of Citizens Financial Group by 62.0% during the 4th quarter. Everence Capital Management Inc. now owns 17,367 shares of the bank’s stock valued at $729,000 after purchasing an additional 6,646 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of Citizens Financial Group by 188.4% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 27,376 shares of the bank’s stock valued at $1,149,000 after purchasing an additional 17,885 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.
Citizens Financial Group (NYSE CFG) opened at $46.02 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59. Citizens Financial Group has a 1-year low of $31.51 and a 1-year high of $48.23. The stock has a market capitalization of $22,641.43, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s payout ratio is 26.91%.
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Citizens Financial Group Company Profile
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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