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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 in III. Quarter net earnings per share of $1.50 an increase by 30.43 % year on year from $1.15 and an improvement of 12.78 % from $1.33 realized in II. Quarter (Jun 30 2019).


III. Quarter
Earnings Per Share Revenues
$ 1.5 $  546 Mill
$+0.35     +30.43 % $-27M     -4.63 %



Cit Group's Revenue fell by -4.63 % in III. Quarter (Sep 30 2019) year on year, to $546 million and declined by -3.14 % sequentially.


Cit Group is Expected to report next financial results on February 17, 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's net income of $143 million in III. Quarter increased by 8.59 % from net earnings of $132 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 3.78 % from net income of $137.60 million realized in previous quarter.

More on CIT's Growth



Cit Group Income Growth by Division
• Transport Finance 14.49% Y/Y,
• Commercial Finance Group 96.4% Y/Y • Corporate Finance -41.98% Y/Y In III. Quarter company's net cash and cash equivalents decreased by $0 million, capital expenditures fell by 8.25%, to $-180 millions compare to same quarter a year ago and fell by 6.39% from II. Quarter (Jun 30 2019).

More on CIT's Cash flow Statement


Cit Group Inc. payed out dividend of $1.41 per share in last 52 weeks representing 29.44 % of net earning per share in trailing twelve-month period.

During the same period Cit Group Inc. earned $ 7.47 cash per share, on a free-cash flow basis 155.87 % of net earning per share.

Book value grew by 3.56 % sequentially to $63.50 per share, 168.28% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 56.19 per share from $ 54.11.

Company repurchased 1.47 million shares or 1.52 % in III. Quarter.
Interest Coverage Ratio was 1.6. Debt Coverage Ratio was 0.22.

More on CIT's Dividends

 Market Capitalization (Millions) 4,323
 Shares Outstanding (Millions) 95
 Total Debt (Millions $) 6,423
 Revenue (TTM) (Millions $) 2,194
 Net Income (TTM) (Millions $) 491
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) -636
 Dividend TTM ($) 1.41 $
 Dividend Yield TTM (%) 3.14 %
 Employees (TTM) $ 3,360




Cit Group Inc. payed out dividend of $1.41 per share in last 52 weeks representing 29.44 % of net earning per share in trailing twelve-month period.

During the same period Cit Group Inc. earned $ 7.47 cash per share, on a free-cash flow basis 155.87 % of net earning per share.

Book value grew by 3.56 % sequentially to $63.50 per share, 168.28% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 56.19 per share from $ 54.11.

Company repurchased 1.47 million shares or 1.52 % in III. Quarter.
Interest Coverage Ratio was 1.6. Debt Coverage Ratio was 0.22.

More on CIT's Balance Sheets

 Market Capitalization (Millions) 4,323
 Shares Outstanding (Millions) 95
 Total Debt (Millions $) 6,423
 Revenue (TTM) (Millions $) 2,194
 Net Income (TTM) (Millions $) 491
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) -636
 Dividend TTM ($) 1.41 $
 Dividend Yield TTM (%) 3.14 %
 Employees (TTM) $ 3,360


   



             
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