Wall Street brokerages predict that Synchrony Financial (NYSE:SYF) will post $1.05 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Synchrony Financial’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.10. Synchrony Financial posted earnings of $1.09 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.7%. The business is scheduled to issue its next earnings report on Wednesday, January 22nd.
According to Zacks, analysts expect that Synchrony Financial will report full-year earnings of $4.26 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.31. For the next year, analysts forecast that the firm will post earnings of $4.48 per share, with EPS estimates ranging from $3.63 to $4.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Synchrony Financial.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 18th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Synchrony Financial had a return on equity of 20.05% and a net margin of 19.54%. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business earned $0.91 EPS.
A number of equities analysts recently issued reports on SYF shares. BMO Capital Markets set a $43.00 target price on Synchrony Financial and gave the stock a “buy” rating in a report on Sunday, July 21st. ValuEngine cut Synchrony Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BTIG Research reiterated a “buy” rating and issued a $42.00 target price on shares of Synchrony Financial in a report on Monday, July 22nd. Buckingham Research started coverage on Synchrony Financial in a report on Monday, July 22nd. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Oppenheimer set a $39.00 target price on Synchrony Financial and gave the stock a “buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.92.
In other news, Director Will W. Graylin sold 7,500 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $33.71, for a total transaction of $252,825.00. Following the completion of the sale, the director now directly owns 76,662 shares of the company’s stock, valued at approximately $2,584,276.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Synchrony Financial by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 55,339,419 shares of the financial services provider’s stock worth $1,918,618,000 after acquiring an additional 1,497,768 shares during the last quarter. AQR Capital Management LLC increased its holdings in Synchrony Financial by 26.2% in the 2nd quarter. AQR Capital Management LLC now owns 13,694,041 shares of the financial services provider’s stock worth $472,034,000 after acquiring an additional 2,845,615 shares during the last quarter. APG Asset Management N.V. increased its holdings in Synchrony Financial by 6.9% in the 2nd quarter. APG Asset Management N.V. now owns 11,007,486 shares of the financial services provider’s stock worth $335,116,000 after acquiring an additional 714,200 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Synchrony Financial by 14,246.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,379,799 shares of the financial services provider’s stock worth $290,527,000 after acquiring an additional 8,321,387 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Synchrony Financial by 14.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,257,139 shares of the financial services provider’s stock worth $145,978,000 after acquiring an additional 541,423 shares during the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors.
Shares of SYF traded up $0.32 during trading hours on Friday, reaching $37.05. The stock had a trading volume of 4,254,490 shares, compared to its average volume of 4,645,221. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $37.33. The firm has a 50-day simple moving average of $34.60 and a 200 day simple moving average of $34.40. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.93 and a beta of 1.16.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, November 1st. Synchrony Financial’s dividend payout ratio (DPR) is presently 23.53%.
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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