Analysts Expect Synchrony Financial (SYF) Will Post Quarterly Sales of $3.95 Billion
Equities research analysts expect that Synchrony Financial (NYSE:SYF) will announce sales of $3.95 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Synchrony Financial’s earnings, with estimates ranging from $3.89 billion to $3.99 billion. Synchrony Financial reported sales of $3.63 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is expected to issue its next quarterly earnings results on Friday, January 19th.
On average, analysts expect that Synchrony Financial will report full year sales of $3.95 billion for the current fiscal year, with estimates ranging from $14.93 billion to $15.09 billion. For the next fiscal year, analysts expect that the business will post sales of $16.31 billion per share, with estimates ranging from $16.03 billion to $16.75 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Synchrony Financial.
Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company posted $0.73 earnings per share.
Shares of Synchrony Financial (NYSE SYF) traded up $0.05 during mid-day trading on Friday, reaching $35.94. The company had a trading volume of 7,335,506 shares, compared to its average volume of 5,980,511. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $38.06. The firm has a market capitalization of $28,087.21, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 22.90%.
In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $33.50, for a total transaction of $33,500.00. Following the transaction, the insider now owns 113,578 shares of the company’s stock, valued at approximately $3,804,863. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David P. Melito sold 2,580 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total value of $90,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,080 shares of company stock worth $173,030 in the last ninety days. Insiders own 0.03% of the company’s stock.
Several large investors have recently bought and sold shares of SYF. Berkshire Hathaway Inc. acquired a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $520,747,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Synchrony Financial by 13.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock worth $14,481,000 after acquiring an additional 56,959 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Synchrony Financial by 1,820.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after acquiring an additional 10,365,219 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in shares of Synchrony Financial during the 3rd quarter worth approximately $2,369,000. Finally, Amalgamated Bank increased its holdings in shares of Synchrony Financial by 57.1% during the 2nd quarter. Amalgamated Bank now owns 91,027 shares of the financial services provider’s stock worth $2,714,000 after acquiring an additional 33,101 shares during the last quarter. 85.68% of the stock is currently owned by hedge funds and other institutional investors.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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