Jefferies Group Comments on Synchrony Financial’s FY2019 Earnings (SYF)

Synchrony Financial (NYSE:SYF) – Equities research analysts at Jefferies Group lifted their FY2019 earnings per share (EPS) estimates for Synchrony Financial in a report released on Thursday, May 17th. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will earn $4.14 per share for the year, up from their prior forecast of $4.12.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, April 20th. The financial services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.09. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.89 billion. Synchrony Financial had a net margin of 12.36% and a return on equity of 15.60%. During the same period last year, the firm posted $0.61 earnings per share.

Several other equities analysts also recently weighed in on SYF. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, January 31st. Buckingham Research assumed coverage on shares of Synchrony Financial in a research note on Wednesday, March 14th. They set a “buy” rating and a $42.00 target price on the stock. UBS assumed coverage on shares of Synchrony Financial in a research note on Tuesday, March 27th. They set a “sell” rating and a $32.00 target price on the stock. ValuEngine downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Citigroup assumed coverage on shares of Synchrony Financial in a research note on Thursday, April 5th. They set a “neutral” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $40.69.

Synchrony Financial opened at $36.11 on Monday, Marketbeat.com reports. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $26.75 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. Synchrony Financial has a twelve month low of $26.34 and a twelve month high of $40.59.

Several institutional investors and hedge funds have recently made changes to their positions in SYF. Summit Trail Advisors LLC increased its position in shares of Synchrony Financial by 3,393.6% during the first quarter. Summit Trail Advisors LLC now owns 126,118 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 122,508 shares during the last quarter. Bedel Financial Consulting Inc. acquired a new stake in shares of Synchrony Financial during the first quarter valued at about $142,000. Flossbach Von Storch AG acquired a new stake in shares of Synchrony Financial during the fourth quarter valued at about $202,000. TRUE Private Wealth Advisors acquired a new stake in shares of Synchrony Financial during the fourth quarter valued at about $204,000. Finally, Financial Advocates Investment Management acquired a new stake in shares of Synchrony Financial during the first quarter valued at about $212,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

In other Synchrony Financial news, insider Paul Whynott sold 1,750 shares of Synchrony Financial stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $33.27, for a total transaction of $58,222.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Neeraj Mehta sold 2,299 shares of Synchrony Financial stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $32.69, for a total transaction of $75,154.31. Following the sale, the insider now owns 65,867 shares of the company’s stock, valued at $2,153,192.23. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Monday, May 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 4th. Synchrony Financial’s dividend payout ratio is presently 22.90%.

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.

Earnings History and Estimates for Synchrony Financial (NYSE:SYF)

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