Citizens Financial Group (CFG) Set to Announce Earnings on Friday

Citizens Financial Group (NYSE:CFG) is scheduled 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 released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. 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 Trading Up 3.0 %

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CFG shares. Truist Financial initiated coverage on shares of Citizens Financial Group in a research note on Tuesday, January 7th. They issued a “hold” rating and a $49.00 target price on the stock. Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Piper Sandler upped their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Raymond James upgraded Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Wednesday, December 18th. Finally, Compass Point boosted their price target on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Citizens Financial Group Company Profile

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.