CIT - CIT Group Inc trade ideas

Fundamentals:
Basic Info:
  • Market Cap: 5.22B
  • Exchange: NYSE
  • Shares Float: 98,380,000
  • Shares Outstanding: 99,144,000
  • Number of Employees: 4,124
  • Book value per share: 55.58
Advanced Info:
  • ROE ttm: 10.60 %
  • ROA ttm: 1.07 %
  • Beta: 1.55
  • EPS: 6.0
  • Debt Ratio ttm: 0.89
  • Debt / Equity Ratio ttm: 8.06
  • Payout Ratio ttm: 0.22
Cash Ratios:
  • Cash Ratio ttm:
  • Current Ratio ttm:
  • Quick Ratio ttm:
Key Ratios:
  • P/E trailing 12 month: 8.36
  • P/E forward: 10.96
  • P/E trailing 12m high: 8.98
  • P/E trailing 12m low: 3.83
  • P/S trailing 12 month: 2.11
  • EV/S trailing 12 month:
  • P/B trailing 12 month: 0.93
  • PEG ratio: 3.48
  • Free Cash Flow Yield (FCF/EV):
Shorts:
  • Shares Short: 5,054,200
  • Shares Short Prev Month: 4,886,800
  • Days to Cover: 8.82
  • Short Percent Float: 5.14 %
  • Short Percent Outstanding: 5.00 %
Ownership:
  • Percent Insiders: 1.03 %
  • Percent Institutions: 95.78 %
Margins:
  • Gross Profit Margin ttm: 25.00 %
  • EBITDA Margin ttm:
  • Operating Margin ttm: 39.00 %
  • Net Income Margin ttm: 25.00 %
Target Prices:
  • Target Price High: 62 USD
  • Target Price Low: 48 USD
  • Target Price Mean: 52.4 USD
  • Number of Analysts: 5
Key Prices:
  • 52 Week High: 56.62
  • 52 Week Low: 24.14
  • 50 Day Moving Average: 52.87
  • 200 Day Moving Average: 51.9
Dividends:
  • Trailing Dividend yield: 3.00 %
  • Forward Dividend yield: 3.00 %
  • Payout Ratio: 0.23
  • Ex-Dividend date: 2021-07-29
Current Quarter Estimates:
  • Current Quarter EPS estimate: 0.63 ~ 1.34 (2021-09-30)
  • Current Quarter revenue estimate: 429.00M ~ 466.00M
  • Median revenue growth YoY estimate: -26.05%
As of: 2021-10-16
Next Quarter Estimates:
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Latest News:
2 Facts About XRP That You Should KnowNasdaq2021-10-16 12:07:00 EDT
Wall Street Is Panning This Merger -- Should It?Motley Fool2021-10-16 12:02:00 EDT
CIT to Announce Third Quarter 2021 Financial ResultsYahoo Finance2021-10-12 20:15:00 EDT
This Large Bank Merger Just Got RiskierMotley Fool2021-10-07 10:45:00 EDT
How Can I Access My Retirement Savings Early?Nasdaq2021-10-07 10:13:00 EDT
Recap: CIT Group Q2 EarningsBenzinga2021-07-27 08:24:29 EDT
Earnings Outlook For CIT GroupBenzinga2021-07-26 10:25:19 EDT
CIT Group (CIT) Sees Hammer Chart Pattern: Time to Buy?Zacks Investment Research2021-07-26 09:15:08 EDT
Fed Chair Confirms Easy Monetary Policy Will Stay: 5 Top PicksZacks Investment Research2021-07-15 09:19:24 EDT
Top Ranked Income Stocks to Buy for July 8thZacks Investment Research2021-07-08 14:17:04 EDT
IWN: Small-Cap Value ETF ReviewSeeking Alpha2021-07-04 07:01:19 EDT
CIT Group (CIT) Announces Sale of Aviation Lending PortfolioZacks Investment Research2021-06-14 13:32:11 EDT
Here's Why it is Best to Hold on to CIT Group (CIT) Stock NowZacks Investment Research2021-06-09 11:16:07 EDT
CIT (CIT) Up 2.1% Since Last Earnings Report: Can It Continue?Zacks Investment Research2021-05-28 12:48:13 EDT
Should Value Investors Pick CIT Group (CIT) Stock Now?Zacks Investment Research2021-05-26 10:31:10 EDT
CIT Group (CIT) Q1 Earnings Beat on Reserve Releases, Stock DownZacks Investment Research2021-04-29 08:16:14 EDT
What Makes CIT Group (CIT) a Strong Momentum Stock: Buy Now?Zacks Investment Research2021-03-22 12:52:09 EDT
CIT Closes on Asset-Based Credit Facility of up to $145 MillionBusiness Insider2021-02-17 06:00:00 EDT
How to trade Cit Group $CIT With Risk ControlsMarketWatch2021-02-15 13:55:00 EDT
CIT Mar 2021 45.000 callYahoo Finance2021-02-13 14:58:00 EDT
CIT Mar 2021 47.000 callYahoo Finance2021-02-13 12:16:00 EDT
CIT Arranges $10.1 Million Loan for Nebraska Office BuildingAssociated Press2021-02-10 21:29:00 EDT
First Citizens, CIT Receive Stockholder Approval for MergerAssociated Press2021-02-09 09:28:00 EDT
CIT Group Inc. (CIT)Yahoo Finance2021-02-08 16:00:00 EDT
CIT Group Inc.Barron's2021-02-08 16:00:00 EDT
Wall Street Breakfast: The Week AheadSeeking Alpha2021-02-07 04:04:00 EDT
Understanding CIT Group's Ex-Dividend DateBenzinga.com2021-02-03 18:44:00 EDT
CIT Group (CIT) Q4 Earnings Beat on Higher Revenues, Stock DownBusiness Insider2021-01-28 00:53:00 EDT
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Income Statements:
CIT - CIT Group Inc Income Statement
Unit: (milllion USD)2018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q2
Qtr Revenue610.20553.80595.40591.90572.20578.20628.30547.80605.10631.20661.00582.20
Rev Growth yoy1.33 %-16.95 %-5.34 %-11.01 %-6.23 %4.41 %5.53 %-7.45 %5.75 %9.17 %5.20 %6.28 %
Cost of Revenue000000000000
Gross Profit000000628.3000631.2000
Gross Profit Mgn0 %0 %0 %0 %0 %0 %100 %0 %0 %100 %0 %0 %
Research and Development000000000000
Selling & Marketing Expense10.6010.6013.205.8014.407.0016.608.905.004.003.505.00
General & Administrative Expense185.50178.20193.10189.20184.30187.10234.20225.60213.00215.00203.30196.10
Interest Expense213.90215.50235.60242.70243.90229.80225.70202.50165.50139.60119.60106.80
Operating Expense653.00916.00674.00664.00699.00939.001551.00909.00655.000.650.000.00
Operating Income0000000.21000.8100
Operating Mgn0 %0 %0 %0 %0 %0 %0.03 %0 %0 %0.13 %0 %0 %
Net Income131.5091.80118.90137.60142.80130.60-624.30-85.3085.708.60303.80226.90
Net Income Mgn21.55 %16.58 %19.97 %23.25 %24.96 %22.59 %-99.36 %-15.57 %14.16 %1.36 %45.96 %38.97 %
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Cashflow Statements:
CIT - CIT Group Inc Cashflow Statement
Unit: (million)2018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q2
Operating Cashflows191.00290.60105.6086.00227.20508.40-344.50216.90332.10275.90274.10184.40
Financing Cashflows-864.40-502.801932.40-112.20662.10-574.201112.303122.50-1447.50-3133.00-2091.30-1402.60
Investing Cashflows-1435.30646.70-2515.30377.80-733.30923.60251.001040.90-262.20159.403154.501148.90
Total Capital Expenditures166.00185.00102.40168.90179.70356.90280.90404.40172.40160.9094.10181.50
Changes In Cash131.50-478.90-477.30136.80142.80-512.301018.80-85.3085.70-519.501337.30370.00
Free Cash flow25.00105.603.20-82.9047.50151.50-625.40-187.50159.70115.00180.002.90
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Balance Sheets:
CIT - CIT Group Inc Balance Sheet
Unit: (billion)2018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q2
Total Assets49.2648.5450.7850.5651.4050.8358.9461.7060.8758.1156.0554.70
Intangible Assets0.370.460.370.370.370.440.310.300.280.130.130.12
Goodwill0.370.370.370.370.370.370.150.150.140.140.000.00
Current Assets1.201.601.191.561.651.743.487.906.503.845.205.13
Current Cash1.201.601.191.561.601.703.487.906.503.845.205.13
Account Receivables0.000.000.000.000.000.000.000.000.000.000.000.00
Inventory0.040.030.030.030.020.020.020.020.010.010.010.01
Total Liabilities42.9442.5944.8744.6445.3744.4953.0855.9655.1052.3850.2348.67
Account Payables0.000.000.000.000.000.000.000.000.000.000.000.00
Short Term Debt0.000.000.000.000.000.000.000.000.000.000.000.00
Long Term Debt8.678.126.576.336.426.478.097.607.285.844.844.24
Current Ratio90.22115.7154.100.040.040.040.070.150.150.090.120.12
Debt Ratio0.180.170.130.130.120.130.140.120.120.100.090.08
Debt/Equity Ratio1.371.371.111.071.061.021.381.321.261.020.830.70
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CIT Group Inc
(NYSE:CIT)
CIT Group Inc

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, com...
Founded: 1908
Sector: Financial Services
Industry: Banks-Regional
Full Time Employees: 4,124
Next Earnings Date: 2021-10-19
Keywords: cit group
6.3K Followers
39.9k Followers
Avg: 
 421 review, 423 jobs
Stock Price:
CIT - CIT Group Inc Stock Price
Basic Info:
  • Market Cap: 5.22B
  • Exchange: NYSE
  • Shares Float: 98,380,000
  • Shares Outstanding: 99,144,000
  • Number of Employees: 4,124
  • Book value per share: 55.58
Advanced Info:
  • ROE ttm: 10.60 %
  • ROA ttm: 1.07 %
  • Beta: 1.55
  • EPS: 6.0
  • Debt Ratio ttm: 0.89
  • Debt / Equity Ratio ttm: 8.06
  • Payout Ratio ttm: 0.22
Cash Ratios:
  • Cash Ratio ttm:
  • Current Ratio ttm:
  • Quick Ratio ttm:
Key Ratios:
  • P/E trailing 12 month: 8.36
  • P/E forward: 10.96
  • P/E trailing 12m high: 8.98
  • P/E trailing 12m low: 3.83
  • P/S trailing 12 month: 2.11
  • EV/S trailing 12 month:
  • P/B trailing 12 month: 0.93
  • PEG ratio: 3.48
  • Free Cash Flow Yield (FCF/EV):
Shorts:
  • Shares Short: 5,054,200
  • Shares Short Prev Month: 4,886,800
  • Days to Cover: 8.82
  • Short Percent Float: 5.14 %
  • Short Percent Outstanding: 5.00 %
Ownership:
  • Percent Insiders: 1.03 %
  • Percent Institutions: 95.78 %
Margins:
  • Gross Profit Margin ttm: 25.00 %
  • EBITDA Margin ttm:
  • Operating Margin ttm: 39.00 %
  • Net Income Margin ttm: 25.00 %
Target Prices:
  • Target Price High: 62 USD
  • Target Price Low: 48 USD
  • Target Price Mean: 52.4 USD
  • Number of Analysts: 5
Key Prices:
  • 52 Week High: 56.62
  • 52 Week Low: 24.14
  • 50 Day Moving Average: 52.87
  • 200 Day Moving Average: 51.9
Dividends:
  • Trailing Dividend yield: 3.00 %
  • Forward Dividend yield: 3.00 %
  • Payout Ratio: 0.23
  • Ex-Dividend date: 2021-07-29
Current Quarter Estimates:
  • Current Quarter EPS estimate: 0.63 ~ 1.34 (2021-09-30)
  • Current Quarter revenue estimate: 429.00M ~ 466.00M
  • Median revenue growth YoY estimate: -26.05%
As of: 2021-10-16
Next Quarter Estimates:
  • Login to see the next quarter estimates
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Click to expand the area.
Analyst Consensus:
CIT - CIT Group Inc Analyst Opinions
Target high: 62 USD
Target low: 48 USD
Average: 52.4 USD based on 5 analysts as of 2021-10-02

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Analyst Trends:
CIT - CIT Group Inc Analyst Trends
Target high: 62 USD
Target low: 48 USD
Average: 52.4 USD based on 5 analysts as of 2021-10-02
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Website Ranking Analysis:
CIT - CIT Group Inc Website Ranking Analysis
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Google Trends Analysis:
CIT - CIT Group Inc Google Trends Analysis
Keyword: CIT Group
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Employees Analysis:
CIT - CIT Group Inc Employees Analysis
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Institution & Insiders Analysis:
CIT - CIT Group Inc Ownership Analysis
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Debt & Cash Analysis:
CIT - CIT Group Inc Cash Analysis (unit: billion)
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Short Analysis:
CIT - CIT Group Inc  Short Analysis
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Margins and Revenue:
CIT - CIT Group Inc Revenue and Margins Analysis
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Income Statement Analysis:
CIT - CIT Group Inc Income Statement
Unit: (milllion USD)2020Q32020Q42021Q12021Q2
Qtr Revenue605.10631.20661.00582.20
Rev Growth yoy5.75 %9.17 %5.20 %6.28 %
Cost of Revenue0000
Gross Profit0631.2000
Gross Profit Mgn0 %100 %0 %0 %
Research and Development0000
Selling & Marketing Expense5.004.003.505.00
General & Administrative Expense213.00215.00203.30196.10
Interest Expense165.50139.60119.60106.80
Operating Expense655.000.650.000.00
Operating Income00.8100
Operating Mgn0 %0.13 %0 %0 %
Net Income85.708.60303.80226.90
Net Income Mgn14.16 %1.36 %45.96 %38.97 %
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Earnings Estimate Analysis:
CIT - CIT Group Inc EPS Estimates
Current Qtr Estimate (dashed line): 1.05
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Cashflow Analysis:
CIT - CIT Group Inc Cashflow Statement
Unit: (million)2020Q32020Q42021Q12021Q2
Operating Cashflows332.10275.90274.10184.40
Financing Cashflows-1447.50-3133.00-2091.30-1402.60
Investing Cashflows-262.20159.403154.501148.90
Total Capital Expenditures172.40160.9094.10181.50
Changes In Cash85.70-519.501337.30370.00
Free Cash flow159.70115.00180.002.90
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