What is DA Davidson's Forecast for CFG FY2025 Earnings?

Key Points

• DA Davidson has raised its earnings per share forecast for Citizens Financial Group for FY2025 to $3.85 from $3.83, maintaining a "Buy" rating with a target price of $55.00.
• Citizens Financial Group's recent quarterly earnings report beat expectations, with reported earnings of $0.92 per share, surpassing the consensus estimate of $0.88.
• The bank has announced a $1.50 billion stock buyback plan, indicating confidence in the company's stock value.

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Citizens Financial Group in a research note issued to investors on Friday, September 26th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $3.85 per share for the year, up from their previous forecast of $3.83. DA Davidson currently has a "Buy" rating and a $55.00 target price on the stock. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share. DA Davidson also issued estimates for Citizens Financial Group's FY2026 earnings at $5.03 EPS.

CFG has been the subject of several other reports. Raymond James Financial lifted their price objective on Citizens Financial Group from $48.00 to $57.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 18th. Cantor Fitzgerald began coverage on Citizens Financial Group in a research report on Wednesday, September 10th. They set an "overweight" rating and a $61.00 price target for the company. Wells Fargo & Company set a $57.00 price target on Citizens Financial Group in a report on Wednesday, July 2nd. Wall Street Zen upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods upgraded Citizens Financial Group from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.35.

Citizens Financial Group Stock Up 1.0%

Shares of NYSE CFG opened at $53.40 on Monday. The firm's 50-day moving average is $50.28 and its two-hundred day moving average is $44.07. The company has a market capitalization of $23.03 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. Citizens Financial Group has a 12-month low of $32.60 and a 12-month high of $53.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the company earned $0.82 EPS. The firm's revenue was up 3.8% on a year-over-year basis.

Institutional Investors Weigh In On Citizens Financial Group

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Citizens Financial Group by 148.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 258,623 shares of the bank's stock valued at $11,317,000 after purchasing an additional 154,404 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Citizens Financial Group by 176.1% in the 1st quarter. Versant Capital Management Inc now owns 4,652 shares of the bank's stock worth $191,000 after buying an additional 2,967 shares during the period. GAMMA Investing LLC grew its position in Citizens Financial Group by 3,969.0% during the first quarter. GAMMA Investing LLC now owns 499,875 shares of the bank's stock valued at $20,480,000 after acquiring an additional 487,590 shares during the period. Rhumbline Advisers grew its position in Citizens Financial Group by 3.9% during the first quarter. Rhumbline Advisers now owns 1,097,300 shares of the bank's stock valued at $44,956,000 after acquiring an additional 41,306 shares during the period. Finally, Czech National Bank increased its stake in Citizens Financial Group by 5.1% during the first quarter. Czech National Bank now owns 100,403 shares of the bank's stock worth $4,114,000 after acquiring an additional 4,850 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.1%. Citizens Financial Group's dividend payout ratio is currently 51.06%.

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

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.

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