Analysts expect that Synchrony Financial (NYSE:SYF) will post earnings per share of $0.80 for the current quarter, Zacks reports. Four analysts have provided estimates for Synchrony Financial’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.85. Synchrony Financial posted earnings of $0.61 per share during the same quarter last year, which would suggest a positive year over year growth rate of 31.1%. The firm is expected to issue its next earnings report on Friday, July 20th.
According to Zacks, analysts expect that Synchrony Financial will report full-year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.22 to $3.50. For the next financial year, analysts forecast that the firm will report earnings of $4.16 per share, with EPS estimates ranging from $3.98 to $4.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Synchrony Financial.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, April 20th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.09. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.61 earnings per share.
A number of research firms have weighed in on SYF. ValuEngine raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Buckingham Research began coverage on shares of Synchrony Financial in a research note on Wednesday, March 14th. They issued a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, January 31st. Morgan Stanley dropped their price objective on shares of Synchrony Financial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, April 30th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a research note on Sunday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Synchrony Financial currently has a consensus rating of “Buy” and an average target price of $40.69.
In other news, insider Paul Whynott sold 1,750 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $33.27, for a total value of $58,222.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Neeraj Mehta sold 2,299 shares of the 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 completion of the sale, the insider now owns 65,867 shares of the company’s stock, valued at approximately $2,153,192.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,143 shares of company stock valued at $207,923. 0.07% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Trail Advisors LLC increased its holdings in 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 worth $126,000 after buying an additional 122,508 shares during the last quarter. Gyroscope Capital Management Group LLC increased its holdings in Synchrony Financial by 41.0% during the first quarter. Gyroscope Capital Management Group LLC now owns 9,715 shares of the financial services provider’s stock worth $326,000 after buying an additional 2,826 shares during the last quarter. CIBC World Markets Inc. increased its holdings in Synchrony Financial by 132.8% during the first quarter. CIBC World Markets Inc. now owns 103,894 shares of the financial services provider’s stock worth $3,484,000 after buying an additional 59,263 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in Synchrony Financial by 6.4% during the first quarter. Xact Kapitalforvaltning AB now owns 163,494 shares of the financial services provider’s stock worth $5,482,000 after buying an additional 9,775 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Synchrony Financial during the first quarter worth about $6,994,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
NYSE SYF traded down $0.29 on Friday, hitting $35.61. 3,982,533 shares of the company were exchanged, compared to its average volume of 4,647,998. The firm has a market cap of $27.10 billion, a PE ratio of 13.59, a P/E/G ratio of 1.18 and a beta of 1.13. Synchrony Financial has a 12 month low of $26.34 and a 12 month high of $40.59. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.46.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, May 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. Synchrony Financial’s dividend payout ratio is currently 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.
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