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.

A number of equities analysts have issued reports on SYF shares. Morgan Stanley cut Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $35.00 to $32.00 in a report on Friday, September 8th. Bank of America lowered Synchrony Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $33.00 in a research report on Friday, October 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 target price on shares of Synchrony Financial in a research report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and issued a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. Finally, BidaskClub raised Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $37.14.

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

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