Citizens Financial Group (CFG) Projected to Post Quarterly Earnings on Wednesday

Citizens Financial Group (NYSE:CFG - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, April 16th. Analysts expect Citizens Financial Group to post earnings of $0.76 per share and revenue of $1.94 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, analysts expect Citizens Financial Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Citizens Financial Group Stock Down 0.0 %

Shares of CFG traded down $0.01 during mid-day trading on Friday, hitting $34.78. 6,848,123 shares of the company's stock were exchanged, compared to its average volume of 4,768,760. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a 52 week low of $32.06 and a 52 week high of $49.25. The company has a market cap of $15.20 billion, a PE ratio of 11.48, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a 50-day simple moving average of $42.10 and a 200 day simple moving average of $43.78.

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Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CFG shares. Barclays raised their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Citigroup decreased their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Stephens reissued an "overweight" rating and set a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, January 21st. Finally, Truist Financial decreased their target price on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $49.06.

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.