Zacks Research Issues Pessimistic Forecast for CFG Earnings

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Equities researchers at Zacks Research lowered their Q1 2025 earnings estimates for Citizens Financial Group in a report issued on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $0.73 for the quarter, down from their prior forecast of $0.75. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share. Zacks Research also issued estimates for Citizens Financial Group's Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $1.00 EPS, FY2025 earnings at $3.67 EPS, Q1 2026 earnings at $1.06 EPS, Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.21 EPS, Q4 2026 earnings at $1.33 EPS, FY2026 earnings at $4.74 EPS and FY2027 earnings at $6.60 EPS.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates 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 was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share.

A number of other analysts have also recently weighed in on the stock. Citigroup reduced their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday. Truist Financial cut 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. Raymond James reiterated a "strong-buy" rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Morgan Stanley dropped their price target on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Barclays raised their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned 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 has a consensus rating of "Moderate Buy" and a consensus price target of $48.67.

Remove Ads

Citizens Financial Group Price Performance

NYSE CFG traded up $1.11 on Thursday, reaching $42.30. The company's stock had a trading volume of 4,815,464 shares, compared to its average volume of 4,522,309. Citizens Financial Group has a twelve month low of $32.06 and a twelve month high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm's 50 day moving average is $45.08 and its two-hundred day moving average is $44.13. The stock has a market cap of $18.49 billion, a PE ratio of 13.96, a PEG ratio of 0.81 and a beta of 1.06.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital World Investors increased its stake in shares of Citizens Financial Group by 3.3% during the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after purchasing an additional 1,131,838 shares during the last quarter. State Street Corp boosted its stake in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Citizens Financial Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after acquiring an additional 124,860 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Citizens Financial Group by 27.8% in the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after acquiring an additional 2,298,040 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Citizens Financial Group by 20.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after purchasing an additional 1,672,204 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.97%. Citizens Financial Group's dividend payout ratio is currently 55.45%.

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.