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CIT Group Inc. (CIT)

Stock Price: $19.48 USD 0.73 (3.87%)
Updated Aug 7, 2020 1:50 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 1.92B
Revenue (ttm) 1.54B
Net Income (ttm) -436.20M
Shares Out 98.45M
EPS (ttm) -4.79
PE Ratio n/a
Forward PE 3.40
Dividend $1.40
Dividend Yield 7.19%

Stock Quote

Trading Day Aug 7, 2020
Last Price $19.48
Previous Close $18.75
Change ($) 0.73
Change (%) 3.87%
Day's Open 18.60
Day's Range 18.29 - 19.54
Day's Volume 891,775
52-Week Range 12.02 - 48.96

More Stats

Market Cap 1.92B
Enterprise Value 9.52B
Earnings Date (est) Oct 27, 2020
Ex-Dividend Date Aug 6, 2020
Shares Outstanding 98.45M
Float 97.62M
EPS (basic) -4.6
EPS (diluted) -4.79
FCF / Share -6.24
Dividend $1.40
Dividend Yield 7.19%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 7.05M
Short Ratio 2.37
Short % of Float 9.28%
Beta 1.84
PE Ratio n/a
Forward PE 3.40
P/FCF Ratio n/a
PS Ratio 1.24
PB Ratio 0.36
Revenue 1.54B
Operating Income -573.00M
Net Income -436.20M
Free Cash Flow -613.90M
Net Cash -7.60B
Net Cash / Share -77.18
Gross Margin 144.56%
Operating Margin -37.16%
Profit Margin -30.00%
FCF Margin -39.81%
ROA -0.78%
ROE -7.49%
ROIC -0.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (9)

Buy 3
Overweight 0
Hold 6
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$25.88*
(32.89% upside)
Low
22.0
Current: $19.48
High
34.0
Target: 25.88
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,2272,2872,3752,1461,7231,5502,4081,1921,7852,472
Revenue Growth-2.63%-3.7%10.68%24.55%11.18%-35.65%101.95%-33.2%-27.8%-
Gross Profit2,2272,2872,3752,1461,7231,5502,4081,1921,7852,472
Operating Income62467641233.40188248734-354313771
Net Income530447468-8481,0341,119676-59214.80521
Shares Outstanding96.50118162202186188201201201200
Earnings Per Share5.273.612.80-4.205.555.913.35-2.950.072.60
EPS Growth45.98%28.93%---6.09%76.42%---97.31%-
Dividend Per Share1.300.820.790.600.600.500.10---
Dividend Growth58.54%4.46%30.83%0%20%400%----
Operating Cash Flow9279835342,4061,1901,3781,320909856588
Capital Expenditures-808-656-793-1,867-3,089-3,058-2,072-1,777-2,137-1,287
Free Cash Flow119327-259540-1,899-1,680-751-868-1,281-699
Cash & Equivalents0.000.000.006,4317,6527,1206,0456,8217,43711,204
Total Debt6,4738,1198,97414,93616,35018,45618,48521,96226,30834,029
Net Cash / Debt-6,473-8,119-8,974-8,505-8,698-11,336-12,440-15,141-18,871-22,825
Assets50,83348,53749,27964,17067,39247,88047,13944,01245,26351,420
Liabilities44,49442,59141,95954,16756,44738,81738,28935,67336,37742,499
Book Value6,3395,9477,32010,00310,9459,0698,8398,3358,8848,923
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name CIT Group Inc.
Country United States
Employees 4,325
CEO Ellen Rose Alemany

Stock Information

Ticker Symbol CIT
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: CIT

Description

CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.