Citizens Financial Group (CFG) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Citizens Financial Group (NYSE:CFG) announced its earnings results on Friday. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04, Bloomberg Earnings reports. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS.

Citizens Financial Group (NYSE:CFG) traded up $1.06 during midday trading on Friday, reaching $46.82. 7,793,990 shares of the company’s stock traded hands, compared to its average volume of 3,465,093. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The firm has a market cap of $23,035.02, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. Citizens Financial Group has a 52 week low of $31.51 and a 52 week high of $47.32.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now directly owns 12,917 shares in the company, valued at approximately $520,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Several research analysts recently commented on the stock. Deutsche Bank reiterated a “hold” rating and issued a $36.00 target price (up previously from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. Bank of America reiterated an “underperform” rating and issued a $40.00 target price (down previously from $41.00) on shares of Citizens Financial Group in a report on Monday, October 2nd. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Citigroup reiterated a “neutral” rating and issued a $42.00 target price (up previously from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.46.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Earnings History for Citizens Financial Group (NYSE:CFG)

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