What is Zacks Research’s Forecast for CFG FY2027 Earnings?

Citizens Financial Group, Inc. (NYSE:CFG) – Zacks Research dropped their FY2027 earnings estimates for shares of Citizens Financial Group in a report released on Thursday, October 9th. Zacks Research analyst Team now expects that the bank will post earnings per share of $5.91 for the year, down from their prior 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) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 3.8% on a year-over-year basis.

A number of other research firms also recently issued reports on CFG. UBS Group increased their target price on shares of Citizens Financial Group from $57.00 to $62.00 and gave the stock a “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 for the company in a research report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Citizens Financial Group in a research report on Wednesday, October 8th. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the stock a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $48.50 to $52.00 in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.86.

Citizens Financial Group Stock Up 2.0%

CFG stock opened at $50.26 on Monday. Citizens Financial Group has a 12-month low of $32.60 and a 12-month high of $55.24. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $21.68 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 0.55 and a beta of 0.79. The company has a 50 day moving average of $51.11 and a two-hundred day moving average of $44.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Vermont raised its holdings in shares of Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after purchasing an additional 410 shares in the last quarter. Investors Research Corp raised its holdings in Citizens Financial Group by 344.8% in the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after acquiring an additional 500 shares during the period. Grove Bank & Trust raised its holdings in Citizens Financial Group by 97.1% in the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after acquiring an additional 334 shares during the period. GoalVest Advisory LLC raised its holdings in Citizens Financial Group by 16,900.0% in the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the period. Finally, REAP Financial Group LLC raised its holdings in Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after acquiring an additional 309 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.06%.

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.