Citizens Financial Group (CFG) Projected to Post Quarterly Earnings on Thursday

Citizens Financial Group (NYSE:CFG - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Thursday, July 17th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $2.01 billion for the quarter.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.76% and a return on equity of 6.84%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, analysts expect Citizens Financial Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Citizens Financial Group Stock Performance

CFG stock traded down $0.27 during trading on Friday, hitting $47.63. 3,747,367 shares of the company's stock traded hands, compared to its average volume of 4,850,632. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $49.25. The stock has a fifty day moving average price of $42.14 and a two-hundred day moving average price of $42.28. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.53%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Citizens Financial Group declared that its board has approved a stock repurchase program on Friday, June 13th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the bank to buy up to 8.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Citizens Financial Group

Large investors have recently made changes to their positions in the business. Woodline Partners LP boosted its position in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank's stock valued at $1,513,000 after purchasing an additional 10,466 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank's stock valued at $472,000 after buying an additional 274 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Citizens Financial Group by 6.7% during the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank's stock valued at $362,000 after buying an additional 554 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. TD Cowen assumed coverage on shares of Citizens Financial Group in a research report on Thursday, May 15th. They set a "buy" rating and a $57.00 price target for the company. Morgan Stanley decreased their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Wells Fargo & Company set a $57.00 target price on shares of Citizens Financial Group in a research report on Wednesday, July 2nd. UBS Group increased their target price on shares of Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Piper Sandler decreased their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.32.

About Citizens Financial Group

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.