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Cit Group Inc   (CIT)
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Cit Group Inc

CIT's Financial Statements and Analysis



Cit Group Inc reported II. Quarter net loss per share of $-0.99 compare to earnings per share of $1.18 in the same quarter a year ago a decrease from $1.27 eps realized in IV. Quarter (Dec 31 2019).


II. Quarter
Earnings Per Share Revenues
$ -0.99 $  324 Mill
$-2.17     $-238M     -42.34 %



Cit Group Inc 's Revenue fell by -42.34 % in II. Quarter (Jun 30 2020) year on year, to $324 million and declined by -41.63 % sequentially.


Cit Group Inc is Expected to report next financial results on October 27, 2020.

More on CIT's Income Statement





       
  • Corporate Finance 16.27% Y/Y,
• Transport Finance 2.43% Y/Y,
• Commercial Finance Group 17.24% Y/Y
   
     


CIT's Segments

Cit Group Inc 's in II. Quarter recorded net loss of $-85 million, compare to net income of $119 million achieved in I. Quarter a year ago.

Sequentially company realized net loss, compare to net income of $130.60 million in previous quarter.

More on CIT's Growth

Cit Group Inc Income Growth by Division

• Corporate Finance -41.98% Y/Y • Transport Finance 14.49% Y/Y,
• Commercial Finance Group 96.4% Y/Y

CIT's Cash flow In II. Quarter company's net cash flow was $4,505 million, capital expenditures grew by -219.73%, to $123 millions compare to same quarter a year ago and rose by -134.35% from IV. Quarter (Dec 31 2019).

More on CIT's Cash flow Statement


Cit Group Inc payed out dividend of $1.52 per share in last 52 weeks representing 48.87 % of net earning per share in trailing twelve-month period.

During the same period Cit Group Inc payed $ -2.37 cash per share, on a free-cash flow basis .

Book value fell by -12.54 % sequentially to $58.30 per share.
Tangible Book value fell to $ 51.48 per share from $ 57.25.

Company issued 3.35 million shares or 3.52 % in II. Quarter.
Interest Coverage Ratio was 1.34. Debt Coverage Ratio was 0.18.

More on CIT's Dividends

 Market Capitalization (Millions) 1,942
 Shares Outstanding (Millions) 98
 Total Debt (Millions $) 7,598
 Revenue (TTM) (Millions $) 1,989
 Net Income (TTM) (Millions $) 326
 Cash Flow (TTM) (Millions $) 5,747
 Capital Exp. (TTM) (Millions $) -583
 Dividend TTM ($) 1.52 $
 Dividend Yield TTM (%) 7.7 %
 Employees (TTM) $ 3,360




Cit Group Inc payed out dividend of $1.52 per share in last 52 weeks representing 48.87 % of net earning per share in trailing twelve-month period.

During the same period Cit Group Inc payed $ -2.37 cash per share, on a free-cash flow basis .

Book value fell by -12.54 % sequentially to $58.30 per share.
Tangible Book value fell to $ 51.48 per share from $ 57.25.

Company issued 3.35 million shares or 3.52 % in II. Quarter.
Interest Coverage Ratio was 1.34. Debt Coverage Ratio was 0.18.

More on CIT's Balance Sheets

 Market Capitalization (Millions) 1,942
 Shares Outstanding (Millions) 98
 Total Debt (Millions $) 7,598
 Revenue (TTM) (Millions $) 1,989
 Net Income (TTM) (Millions $) 326
 Cash Flow (TTM) (Millions $) 5,747
 Capital Exp. (TTM) (Millions $) -583
 Dividend TTM ($) 1.52 $
 Dividend Yield TTM (%) 7.7 %
 Employees (TTM) $ 3,360


   



       
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