Citizens Financial Group Inc, a company in the Financial sector, has experienced a significant jump in sales over the past five years. With an annual growth rate of 8.45%, the company’s sales have steadily improved. However, when this article was written, its average yearly earnings per share stood at -13.44%. The company’s outstanding shares currently amount to $492.28 million, with a float of $463.04 million.
Efficiency is an important factor to consider for a company with 18,889 employees. It is crucial to evaluate how effectively the organization operates.
In assessing the sentiment of large-scale investors towards Citizens Financial Group Inc stocks, it is worth noting that the company has an insider ownership of 0.68% and institutional ownership of 96.66%. Recent insider transactions also provide insight. On October 27, a director of Citizens Financial Group Inc purchased 1,000 shares at a rate of $22.86, bringing their total stock ownership to 4,000 shares. Another transaction occurred on May 17, when a director bought 1,000 shares for $26.39, totaling $26,390. This insider now holds a total of 3,000 shares.
Reviewing the company’s recent fiscal report, which was unveiled on September 29, 2023, it is apparent that its earnings per share (EPS) fell short of the consensus figure. The reported EPS of $0.85 was lower than the expected $0.90. However, the company achieved a commendable net margin of +22.28% and generated a return on equity of 8.80%. Wall Street market experts anticipate earnings of $0.79 per share during the current fiscal year.
Looking ahead, Wall Street analysts project a decline of -13.44% in the company’s earnings per share for the next fiscal year. However, for the long term, market analysts predict a 0.85% surge in EPS over the next five years, compared to the previous five years of 4.75% growth.
To assess the current performance of Citizens Financial Group Inc (CFG), it is important to consider various indicators. The company’s price-to-sales ratio for the trailing twelve months stands at 0.97, indicating a reasonable valuation. Additionally, the price-to-free-cash-flow ratio for the same period is 3.56.
Examining the company’s diluted earnings per share (EPS) over the past 12 months, it currently stands at 4.03. Analysts expect a decrease to 0.73 in the next quarter, followed by a forecasted increase to 3.44 in one year’s time.
Delving into recent stock performance, the average volume for the past five days was 4.78 million shares, lower than the volume reported during the same period last year. The stock’s Stochastic %D value was 58.90% as of the previous 9 days, and its Average True Range was 0.86.
Over the past 100 days, Citizens Financial Group Inc’s raw stochastic average decreased from 57.82% to 20.37%, indicating significant volatility. In the past 14 days, the stock’s historical volatility was 43.69%, higher than the 36.15% volatility observed over the past 100 days.
At the time of writing, the stock’s 50-day Moving Average stands at $25.94, while the 200-day Moving Average is $29.85. In terms of resistance levels, the stock’s first resistance to watch is $25.22, followed by $25.50 as the second resistance, and $25.74 as the third major resistance level. On the other hand, if the price breaks the first support level at $24.70, it is likely to reach the next support level at $24.46. The third support level lies at $24.18 if the price breaches the second support level.
With 466,223K outstanding shares and a market capitalization of $11.63 billion, Citizens Financial Group Inc holds strong financials. Sales total $9,069 million, while income amounts to $2,073 million. In the latest quarter, the company reported an income of $3,087 million, with a net income of $430,000 in the previous quarter.
In conclusion, Citizens Financial Group Inc has shown strong sales growth in the past five years, although its earnings per share have been negative. The company has a substantial number of outstanding shares and a solid market capitalization. Insider ownership is relatively low, while institutional ownership is high. Future earnings are anticipated to decline in the next fiscal year, but long-term projections show positive growth. Investors should consider the company’s performance indicators and stock volatility, as well as key support and resistance levels when making investment decisions.
