What is Zacks Research’s Estimate for CFG FY2024 Earnings?

Citizens Financial Group, Inc. (NYSE:CFG) – Analysts at Zacks Research increased their FY2024 EPS estimates for Citizens Financial Group in a research note issued to investors on Wednesday, November 6th. Zacks Research analyst R. Department now expects that the bank will post earnings of $3.20 per share for the year, up from their previous forecast of $3.14. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.19 per share. Zacks Research also issued estimates for Citizens Financial Group’s Q4 2024 earnings at $0.80 EPS, Q2 2025 earnings at $0.91 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $3.82 EPS, Q1 2026 earnings at $1.09 EPS, Q2 2026 earnings at $1.16 EPS, Q3 2026 earnings at $1.16 EPS and FY2026 earnings at $4.61 EPS.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays increased their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler raised their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, UBS Group upped their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Stock Down 0.5 %

CFG opened at $45.81 on Monday. Citizens Financial Group has a twelve month low of $24.61 and a twelve month high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The business has a 50 day moving average price of $41.73 and a 200 day moving average price of $39.01. The firm has a market cap of $20.19 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.67%. Citizens Financial Group’s payout ratio is currently 66.14%.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its position in shares of Citizens Financial Group by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank’s stock worth $3,497,000 after purchasing an additional 382 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Citizens Financial Group by 5.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 22,603 shares of the bank’s stock worth $820,000 after acquiring an additional 1,260 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Citizens Financial Group by 3.8% in the first quarter. Oppenheimer & Co. Inc. now owns 24,918 shares of the bank’s stock valued at $904,000 after acquiring an additional 908 shares during the period. Forsta AP Fonden increased its holdings in shares of Citizens Financial Group by 13.0% in the first quarter. Forsta AP Fonden now owns 112,800 shares of the bank’s stock worth $4,094,000 after acquiring an additional 13,000 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Citizens Financial Group by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 41,778 shares of the bank’s stock valued at $1,516,000 after purchasing an additional 1,521 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.