Citizens Financial Group (CFG) Expected to Earn Q4 2019 Earnings of $0.96 Per Share

Citizens Financial Group (NYSE:CFG) – Equities research analysts at Piper Jaffray raised their Q4 2019 earnings estimates for Citizens Financial Group in a research report issued on Sunday, April 22nd. Piper Jaffray analyst K. Barker now forecasts that the bank will post earnings of $0.96 per share for the quarter, up from their prior estimate of $0.95.

How to Become a New Pot Stock Millionaire

A number of other research firms have also weighed in on CFG. Sanford C. Bernstein set a $52.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated a “hold” rating and set a $45.00 price target on shares of Citizens Financial Group in a research report on Sunday, January 21st. ValuEngine upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BMO Capital Markets lowered their price target on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Sandler O’Neill upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.08.



CFG opened at $42.30 on Wednesday. The stock has a market cap of $20,716.19, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41. Citizens Financial Group has a twelve month low of $31.51 and a twelve month high of $48.23. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, April 20th. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. Citizens Financial Group’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, May 1st. This represents a $0.88 annualized dividend and a yield of 2.08%. Citizens Financial Group’s payout ratio is 34.11%.

A number of large investors have recently bought and sold shares of CFG. Cerebellum GP LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at about $131,000. Valeo Financial Advisors LLC boosted its holdings in Citizens Financial Group by 128.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock valued at $132,000 after purchasing an additional 1,770 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Citizens Financial Group by 315.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock valued at $142,000 after purchasing an additional 2,580 shares during the last quarter. HPM Partners LLC acquired a new position in Citizens Financial Group in the 4th quarter valued at about $201,000. Finally, James Hambro & Partners acquired a new position in Citizens Financial Group in the 4th quarter valued at about $207,000. Institutional investors own 97.23% of the company’s stock.

WARNING: “Citizens Financial Group (CFG) Expected to Earn Q4 2019 Earnings of $0.96 Per Share” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://stocknewstimes.com/2018/04/25/citizens-financial-group-cfg-expected-to-earn-q4-2019-earnings-of-0-96-per-share.html.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply