Citizens Financial Group (NYSE:CFG) Issues Quarterly Earnings Results

Citizens Financial Group (NYSE:CFG - Get Free Report) posted its quarterly earnings data on Friday. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02, Zacks reports. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1,962,330 billion. During the same quarter last year, the firm posted $0.85 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis.

Citizens Financial Group Stock Performance

NYSE CFG traded up $0.69 during midday trading on Friday, hitting $47.49. The company had a trading volume of 4,371,192 shares, compared to its average volume of 3,858,632. The firm has a fifty day simple moving average of $45.59 and a two-hundred day simple moving average of $42.51. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.29 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.54%. Citizens Financial Group's payout ratio is currently 66.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CFG shares. Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. 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 note on Wednesday, December 18th. Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.