Citizens Financial Group Forecasted to Post FY2018 Earnings of $3.38 Per Share (CFG)

Citizens Financial Group (NYSE:CFG) – Research analysts at Oppenheimer raised their FY2018 earnings estimates for shares of Citizens Financial Group in a research note issued to investors on Thursday, April 12th. Oppenheimer analyst B. Chittenden now forecasts that the bank will earn $3.38 per share for the year, up from their previous estimate of $3.37. Oppenheimer also issued estimates for Citizens Financial Group’s Q4 2018 earnings at $0.91 EPS and FY2019 earnings at $3.90 EPS.

How to Become a New Pot Stock Millionaire

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $40.00 to $39.00 in a report on Tuesday, December 19th. Citigroup lowered their target price on shares of Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, April 9th. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Finally, ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.64.

Shares of CFG opened at $42.28 on Monday. Citizens Financial Group has a 12 month low of $31.51 and a 12 month high of $48.23. The company has a market cap of $21,071.94, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.

A number of large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Citizens Financial Group by 7.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after acquiring an additional 1,120 shares during the last quarter. Pitcairn Co. grew its stake in shares of Citizens Financial Group by 8.9% during the fourth quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock worth $606,000 after buying an additional 1,182 shares during the last quarter. First Republic Investment Management Inc. grew its stake in shares of Citizens Financial Group by 23.6% during the third quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock worth $290,000 after buying an additional 1,458 shares during the last quarter. ETRADE Capital Management LLC grew its stake in shares of Citizens Financial Group by 6.5% during the fourth quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock worth $1,050,000 after buying an additional 1,532 shares during the last quarter. Finally, Intrust Bank NA grew its stake in shares of Citizens Financial Group by 17.6% during the fourth quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock worth $450,000 after buying an additional 1,604 shares during the last quarter. 97.11% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Citizens Financial Group Forecasted to Post FY2018 Earnings of $3.38 Per Share (CFG)” was published by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://weekherald.com/2018/04/16/citizens-financial-group-forecasted-to-post-fy2018-earnings-of-3-38-per-share-cfg.html.

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 provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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.

Leave a Reply