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

Citizens Financial Group (NYSE:CFG) released its earnings results on Friday. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02, Briefing.com reports. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year.

CFG opened at $35.32 on Friday. The company’s 50 day moving average is $34.83 and its 200-day moving average is $34.82. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $38.64. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $15.65 billion, a P/E ratio of 9.21, a PEG ratio of 1.42 and a beta of 1.47.

Several equities analysts have commented on CFG shares. Citigroup lowered shares of Citizens Financial Group from a “neutral” rating to a “sell” rating and decreased their target price for the company from $39.00 to $32.00 in a report on Tuesday, October 8th. Morgan Stanley decreased their target price on shares of Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. UBS Group lowered shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $40.00 to $38.00 in a report on Wednesday, July 10th. Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, July 29th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.96.

In related news, Director Charles John Koch purchased 15,000 shares of Citizens Financial Group stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of $32.45 per share, for a total transaction of $486,750.00. Following the purchase, the director now owns 68,781 shares in the company, valued at approximately $2,231,943.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Citizens Financial Group Company Profile

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

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Earnings History for Citizens Financial Group (NYSE:CFG)

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