What is Zacks Research's Estimate for CFG FY2027 Earnings?

Key Points

• Zacks Research has revised **Citizens Financial Group's FY2027 EPS estimate down** to **$5.91**, from a previous estimate of **$6.23**, while the current full-year earnings consensus stands at **$3.92 per share**.
• Analysts have a **consensus rating of "Moderate Buy"** for Citizens Financial Group, with target prices ranging from **$57.00 to $62.00**, indicating positive investor sentiment towards the stock.

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Equities researchers at Zacks Research lowered their FY2027 EPS estimates for Citizens Financial Group in a research note issued to investors on Thursday, October 9th. Zacks Research analyst Team now forecasts that the bank will post earnings per share of $5.91 for the year, down from their previous estimate of $6.23. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS.

Other analysts have also issued research reports about the stock. Evercore ISI increased their price target on shares of Citizens Financial Group from $57.00 to $61.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the company a "strong-buy" rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods upgraded shares of Citizens Financial Group from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research report on Wednesday, July 9th. Cantor Fitzgerald initiated coverage on shares of Citizens Financial Group in a research report on Wednesday, September 10th. They issued an "overweight" rating and a $61.00 target price on the stock. Finally, Truist Financial raised their target price on shares of Citizens Financial Group from $52.00 to $58.00 and gave the company a "hold" rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.86.

Citizens Financial Group Stock Performance

NYSE CFG opened at $49.25 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.55 and a beta of 0.79. The firm's 50 day simple moving average is $51.06 and its 200 day simple moving average is $44.86. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $55.24.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, July 31st. Citizens Financial Group's dividend payout ratio (DPR) is currently 51.06%.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds have recently bought and sold shares of the company. Corsicana & Co. bought a new position in Citizens Financial Group during the third quarter worth $106,000. Voya Investment Management LLC raised its stake in Citizens Financial Group by 30.2% during the third quarter. Voya Investment Management LLC now owns 248,668 shares of the bank's stock worth $13,219,000 after buying an additional 57,622 shares during the last quarter. Wedmont Private Capital raised its stake in Citizens Financial Group by 4.7% during the third quarter. Wedmont Private Capital now owns 12,735 shares of the bank's stock worth $677,000 after buying an additional 568 shares during the last quarter. Czech National Bank raised its stake in Citizens Financial Group by 3.4% during the third quarter. Czech National Bank now owns 109,554 shares of the bank's stock worth $5,824,000 after buying an additional 3,555 shares during the last quarter. Finally, Traphagen Investment Advisors LLC bought a new position in Citizens Financial Group during the third quarter worth $201,000. Institutional investors own 94.90% of the company's stock.

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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