Zacks: Brokerages Anticipate Synchrony Financial (NYSE:SYF) to Post $1.53 EPS

Wall Street analysts expect that Synchrony Financial (NYSE:SYFGet Rating) will announce earnings per share of $1.53 for the current fiscal quarter, Zacks reports. Fourteen analysts have provided estimates for Synchrony Financial’s earnings, with the highest EPS estimate coming in at $1.77 and the lowest estimate coming in at $1.32. Synchrony Financial reported earnings of $1.73 per share during the same quarter last year, which indicates a negative year over year growth rate of 11.6%. The firm is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Synchrony Financial will report full year earnings of $5.66 per share for the current fiscal year, with EPS estimates ranging from $5.27 to $6.20. For the next financial year, analysts forecast that the business will report earnings of $5.77 per share, with EPS estimates ranging from $5.20 to $6.48. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Synchrony Financial.

Synchrony Financial (NYSE:SYFGet Rating) last posted its earnings results on Friday, January 28th. The financial services provider reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. Synchrony Financial had a net margin of 27.27% and a return on equity of 30.77%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business posted $1.24 EPS.

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Synchrony Financial from $63.00 to $64.00 in a report on Monday, January 10th. StockNews.com started coverage on shares of Synchrony Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets reduced their price objective on shares of Synchrony Financial from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, January 31st. Credit Suisse Group reduced their price objective on shares of Synchrony Financial from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $55.00 to $51.00 in a research report on Wednesday, January 19th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $52.53.

In related news, insider David P. Melito sold 9,351 shares of the company’s stock in a transaction that occurred on Thursday, January 27th. The shares were sold at an average price of $46.05, for a total transaction of $430,613.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in Synchrony Financial in the 3rd quarter worth approximately $104,000. Dynamic Advisor Solutions LLC lifted its stake in Synchrony Financial by 19.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 8,436 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 1,392 shares in the last quarter. Signaturefd LLC lifted its stake in Synchrony Financial by 3.9% in the 3rd quarter. Signaturefd LLC now owns 6,904 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 261 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Synchrony Financial by 69.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 334,184 shares of the financial services provider’s stock worth $16,334,000 after purchasing an additional 137,447 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in Synchrony Financial by 3.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 31,100 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Shares of SYF traded up $0.23 on Friday, reaching $37.70. The company’s stock had a trading volume of 6,644,318 shares, compared to its average volume of 7,160,251. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 1.12. Synchrony Financial has a twelve month low of $33.76 and a twelve month high of $52.49. The stock has a market capitalization of $19.08 billion, a PE ratio of 5.14, a PEG ratio of 0.29 and a beta of 1.60. The firm has a fifty day moving average of $38.66 and a 200-day moving average of $44.42.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 15th. Investors of record on Thursday, February 10th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, February 9th. Synchrony Financial’s payout ratio is currently 12.01%.

About Synchrony Financial (Get Rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.

Further Reading

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

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