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

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

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $47.52 on Friday. Citizens Financial Group has a 1-year low of $30.24 and a 1-year high of $49.25. 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. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The business’s fifty day moving average price is $45.64 and its two-hundred day moving average price is $42.66.

Citizens Financial Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.54%. Citizens Financial Group’s payout ratio is currently 66.14%.

Analysts Set New Price Targets

CFG has been the subject of a number of research reports. Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Raymond James upgraded Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Wednesday, December 18th. Evercore ISI dropped their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. DA Davidson upped their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Nine equities research 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 company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average 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.