Brokerages expect Synchrony Financial (NYSE:SYF) to post $4.26 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Synchrony Financial’s earnings, with the lowest sales estimate coming in at $4.20 billion and the highest estimate coming in at $4.36 billion. Synchrony Financial reported sales of $3.98 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The business is scheduled to announce its next quarterly earnings report on Friday, January 18th.
According to Zacks, analysts expect that Synchrony Financial will report full year sales of $16.09 billion for the current year, with estimates ranging from $15.98 billion to $16.27 billion. For the next year, analysts anticipate that the business will post sales of $16.76 billion, with estimates ranging from $15.88 billion to $17.71 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Synchrony Financial.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.11. Synchrony Financial had a net margin of 13.70% and a return on equity of 17.90%. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the business posted $0.70 earnings per share.
SYF stock traded up $0.19 during midday trading on Wednesday, reaching $28.93. 1,770,673 shares of the company were exchanged, compared to its average volume of 5,453,391. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.40 and a quick ratio of 1.40. Synchrony Financial has a one year low of $27.60 and a one year high of $40.59. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, November 2nd. Synchrony Financial’s dividend payout ratio (DPR) is presently 32.06%.
A number of hedge funds have recently bought and sold shares of SYF. FMR LLC raised its stake in Synchrony Financial by 15.4% in the second quarter. FMR LLC now owns 49,783,436 shares of the financial services provider’s stock valued at $1,661,772,000 after purchasing an additional 6,646,131 shares in the last quarter. Janus Henderson Group PLC raised its stake in Synchrony Financial by 17.7% in the second quarter. Janus Henderson Group PLC now owns 17,289,316 shares of the financial services provider’s stock valued at $577,116,000 after purchasing an additional 2,595,449 shares in the last quarter. American Century Companies Inc. raised its stake in Synchrony Financial by 138.2% in the second quarter. American Century Companies Inc. now owns 2,490,845 shares of the financial services provider’s stock valued at $83,144,000 after purchasing an additional 1,445,244 shares in the last quarter. Millennium Management LLC raised its stake in Synchrony Financial by 85.9% in the second quarter. Millennium Management LLC now owns 1,960,956 shares of the financial services provider’s stock valued at $65,457,000 after purchasing an additional 906,308 shares in the last quarter. Finally, KBC Group NV raised its stake in Synchrony Financial by 170.4% during the second quarter. KBC Group NV now owns 1,401,914 shares of the financial services provider’s stock worth $46,796,000 after acquiring an additional 883,517 shares in the last quarter. 84.96% of the stock is owned by institutional investors and hedge funds.
Synchrony Financial Company Profile
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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