Citizens Financial Group (NYSE:CFG) Announces Earnings Results, Beats Estimates By $0.02 EPS

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

Citizens Financial Group Trading Up 1.5 %

Shares of Citizens Financial Group stock opened at $47.52 on Friday. The firm has a market capitalization of $20.94 billion, a PE ratio of 18.71, a P/E/G ratio of 1.29 and a beta of 1.10. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25. The firm’s 50-day moving average price is $45.64 and its 200 day moving average price is $42.62. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent analyst reports. Compass Point upped 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. Evercore ISI reduced their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Raymond James raised Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, December 18th. Nine equities 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

About Citizens Financial Group

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.