Wall Street brokerages forecast that Citizens Financial Group Inc (NYSE:CFG) will post earnings of $0.67 per share for the current quarter, Zacks reports. Five analysts have made estimates for Citizens Financial Group’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.68. Citizens Financial Group reported earnings of $0.55 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, January 19th.

According to Zacks, analysts expect that Citizens Financial Group will report full-year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.57 to $2.60. For the next year, analysts forecast that the firm will report earnings of $2.80 per share, with EPS estimates ranging from $2.70 to $2.89. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Citizens Financial Group.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm earned $0.52 earnings per share. Citizens Financial Group’s quarterly revenue was up 4.6% on a year-over-year basis.

A number of analysts have weighed in on CFG shares. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 25th. Barclays raised their price target on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Deutsche Bank restated a “hold” rating and issued a $36.00 price target (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Finally, Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and an average price target of $40.85.

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

Several hedge funds have recently modified their holdings of the business. Global X Management Co. LLC grew its holdings in shares of Citizens Financial Group by 52.4% during the second quarter. Global X Management Co. LLC now owns 18,958 shares of the bank’s stock worth $676,000 after buying an additional 6,517 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Citizens Financial Group by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,576,326 shares of the bank’s stock worth $91,924,000 after buying an additional 26,615 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Citizens Financial Group by 493.3% during the second quarter. Dupont Capital Management Corp now owns 198,172 shares of the bank’s stock worth $7,071,000 after buying an additional 164,770 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Citizens Financial Group during the second quarter worth about $3,083,000. Finally, Horan Capital Advisors LLC. grew its holdings in shares of Citizens Financial Group by 1.7% during the second quarter. Horan Capital Advisors LLC. now owns 71,905 shares of the bank’s stock worth $2,566,000 after buying an additional 1,220 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Citizens Financial Group (NYSE CFG) traded up $0.83 during trading on Wednesday, reaching $41.70. The company’s stock had a trading volume of 8,968,604 shares, compared to its average volume of 4,534,217. Citizens Financial Group has a one year low of $31.51 and a one year high of $42.52. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market capitalization of $20,107.69, a PE ratio of 16.55, a PEG ratio of 1.04 and a beta of 1.37.

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About Citizens Financial Group

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.

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

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