Brokerages predict that Synchrony Financial (NYSE:SYF) will post earnings of $0.68 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Synchrony Financial’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.72. Synchrony Financial posted earnings of $0.70 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The business is expected to issue its next quarterly earnings report on Friday, January 19th.
According to Zacks, analysts expect that Synchrony Financial will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.58 to $2.62. For the next fiscal year, analysts anticipate that the company will post earnings of $3.27 per share, with EPS estimates ranging from $3.09 to $3.56. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Synchrony Financial.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. Synchrony Financial had a net margin of 14.04% and a return on equity of 15.49%. During the same quarter in the prior year, the business earned $0.73 EPS.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research note on Saturday, July 22nd. BMO Capital Markets reiterated a “buy” rating on shares of Synchrony Financial in a research note on Friday, July 21st. JMP Securities upped their price objective on shares of Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a research note on Monday, October 23rd. Finally, Barclays PLC set a $40.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 23rd. Twelve equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Synchrony Financial has an average rating of “Buy” and an average price target of $36.77.
Synchrony Financial (SYF) traded up $0.52 during trading on Friday, reaching $32.59. 5,185,200 shares of the company’s stock traded hands, compared to its average volume of 6,995,761. The firm has a market cap of $25,097.71, a price-to-earnings ratio of 12.24, a PEG ratio of 1.32 and a beta of 1.02. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $38.06.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.
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In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Mothner sold 1,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the completion of the transaction, the insider now owns 113,578 shares of the company’s stock, valued at approximately $3,804,863. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in SYF. Fulton Bank N.A. raised its stake in shares of Synchrony Financial by 53.8% in the 2nd quarter. Fulton Bank N.A. now owns 9,760 shares of the financial services provider’s stock valued at $291,000 after buying an additional 3,414 shares in the last quarter. Creative Planning raised its stake in shares of Synchrony Financial by 51.5% in the 2nd quarter. Creative Planning now owns 8,885 shares of the financial services provider’s stock valued at $265,000 after buying an additional 3,022 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Synchrony Financial by 19.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock valued at $159,000 after buying an additional 880 shares in the last quarter. National Pension Service raised its stake in shares of Synchrony Financial by 10.2% in the 2nd quarter. National Pension Service now owns 737,807 shares of the financial services provider’s stock valued at $21,802,000 after buying an additional 68,583 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Synchrony Financial by 497.9% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 131,631 shares of the financial services provider’s stock valued at $3,925,000 after buying an additional 109,617 shares in the last quarter. Institutional investors own 88.32% of the company’s stock.
About Synchrony Financial
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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