Brokers Offer Predictions for Synchrony Financial’s Q4 2024 Earnings (NYSE:SYF)

Synchrony Financial (NYSE:SYF) – Equities researchers at Seaport Res Ptn raised their Q4 2024 EPS estimates for Synchrony Financial in a report released on Thursday, April 25th. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings of $0.52 per share for the quarter, up from their prior estimate of $0.50. The consensus estimate for Synchrony Financial’s current full-year earnings is $5.63 per share.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.19). Synchrony Financial had a net margin of 13.49% and a return on equity of 16.01%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $1.35 EPS.

Several other research firms have also recently weighed in on SYF. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America boosted their price objective on shares of Synchrony Financial from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday. Wolfe Research upgraded shares of Synchrony Financial from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $36.00 to $50.00 in a research report on Thursday, April 4th. TD Cowen boosted their price objective on shares of Synchrony Financial from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Synchrony Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.72.

Synchrony Financial Stock Performance

SYF stock opened at $44.67 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.22. The company has a 50 day moving average price of $41.67 and a 200 day moving average price of $36.97. Synchrony Financial has a fifty-two week low of $26.59 and a fifty-two week high of $45.46. The stock has a market capitalization of $18.17 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.61.

Hedge Funds Weigh In On Synchrony Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new stake in Synchrony Financial during the 3rd quarter worth about $35,000. Czech National Bank lifted its position in Synchrony Financial by 44.0% during the 3rd quarter. Czech National Bank now owns 73,079 shares of the financial services provider’s stock worth $2,234,000 after buying an additional 22,344 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Synchrony Financial by 8.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 197,214 shares of the financial services provider’s stock worth $6,029,000 after buying an additional 14,613 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Synchrony Financial by 37.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 32,587 shares of the financial services provider’s stock worth $996,000 after buying an additional 8,809 shares in the last quarter. Finally, Denali Advisors LLC lifted its position in Synchrony Financial by 201.4% during the 3rd quarter. Denali Advisors LLC now owns 3,773 shares of the financial services provider’s stock worth $115,000 after buying an additional 2,521 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider David P. Melito sold 7,283 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the transaction, the insider now owns 14,183 shares of the company’s stock, valued at approximately $552,995.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian D. Doubles sold 134,696 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total value of $5,557,556.96. Following the completion of the transaction, the insider now directly owns 660,353 shares of the company’s stock, valued at approximately $27,246,164.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David P. Melito sold 7,283 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total transaction of $283,964.17. Following the completion of the transaction, the insider now directly owns 14,183 shares of the company’s stock, valued at $552,995.17. The disclosure for this sale can be found here. Insiders sold 148,158 shares of company stock valued at $6,106,106 in the last quarter. Company insiders own 0.65% of the company’s stock.

Synchrony Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 5.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, May 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 14.35%.

About Synchrony Financial

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 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, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.