Citizens Financial Group Inc Forecasted to Earn Q4 2017 Earnings of $0.68 Per Share (CFG)

Citizens Financial Group Inc (NYSE:CFG) – Stock analysts at Jefferies Group boosted their Q4 2017 EPS estimates for Citizens Financial Group in a research report issued on Tuesday. Jefferies Group analyst K. Usdin now forecasts that the bank will post earnings per share of $0.68 for the quarter, up from their previous forecast of $0.67.

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

A number of other brokerages also recently weighed in on CFG. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 25th. Deutsche Bank reaffirmed a “hold” rating and issued a $36.00 target price (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Bank of America reaffirmed an “underperform” rating and issued a $40.00 target price (down from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Finally, Morgan Stanley boosted their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Three 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 company presently has a consensus rating of “Hold” and an average target price of $41.46.

Citizens Financial Group (NYSE:CFG) opened at $45.52 on Thursday. Citizens Financial Group has a 12 month low of $31.51 and a 12 month high of $45.79. The firm has a market cap of $22,287.21, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sun Life Financial INC raised its stake in shares of Citizens Financial Group by 41,266.7% during the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock worth $133,000 after buying an additional 3,714 shares during the last quarter. Lipe & Dalton bought a new stake in shares of Citizens Financial Group during the third quarter worth approximately $207,000. Colony Group LLC bought a new stake in shares of Citizens Financial Group during the second quarter worth approximately $210,000. Courier Capital LLC bought a new stake in shares of Citizens Financial Group during the second quarter worth approximately $214,000. Finally, Quotient Investors LLC acquired a new position in Citizens Financial Group during the third quarter valued at approximately $227,000. 98.48% of the stock is owned by institutional investors and hedge funds.

In related news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the sale, the director now directly owns 12,917 shares of the company’s stock, valued at $520,684.27. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.21% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Citizens Financial Group Inc Forecasted to Earn Q4 2017 Earnings of $0.68 Per Share (CFG)” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/01/13/citizens-financial-group-inc-forecasted-to-earn-q4-2017-earnings-of-0-68-per-share-cfg.html.

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 and Estimates for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply