Citizens Financial Group (CFG) Projected to Post 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 Citizens Financial Group to post earnings of $0.89 per share and revenue of $2.01 billion for the quarter.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.76% and a return on equity of 6.84%. 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 Down 0.6%

NYSE CFG traded down $0.27 during midday trading on Friday, hitting $47.63. 3,747,367 shares of the company traded hands, compared to its average volume of 4,846,469. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $49.25. The company's 50-day simple moving average is $42.14 and its 200-day simple moving average is $42.29. The company has a market cap of $20.82 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.83.

Citizens Financial Group announced that its board has approved a stock buyback plan on Friday, June 13th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the bank to purchase up to 8.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 3.53%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Institutional Trading of Citizens Financial Group

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. DA Davidson cut their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Truist Financial cut their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Royal Bank Of Canada decreased their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. TD Cowen initiated coverage on Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 target price on the stock. Finally, Cowen began coverage on Citizens Financial Group in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average price target 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.