Synchrony Financial (NYSE:SYF) – Equities research analysts at Wedbush issued their FY2017 earnings estimates for Synchrony Financial in a report released on Monday. Wedbush analyst H. Coffey expects that the financial services provider will post earnings per share of $2.57 for the year. Wedbush has a “Hold” rating and a $41.00 price target on the stock. Wedbush also issued estimates for Synchrony Financial’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $3.05 EPS and FY2019 earnings at $3.60 EPS.

Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. During the same quarter in the previous year, the company earned $0.73 earnings per share.

SYF has been the subject of a number of other research reports. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Barclays set a $40.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. Bank of America cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $33.00 in a research note on Friday, October 6th. JMP Securities boosted their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $37.88.

Shares of Synchrony Financial (NYSE:SYF) opened at $37.36 on Wednesday. The company has a market cap of $29,417.62, a PE ratio of 14.35, a PEG ratio of 1.89 and a beta of 1.06. 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 one year low of $26.01 and a one year high of $38.06.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. Synchrony Financial’s payout ratio is presently 22.90%.

In other news, Director Olympia J. Snowe bought 3,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the acquisition, the director now directly owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David P. Melito sold 1,881 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $38.00, for a total transaction of $71,478.00. Following the completion of the transaction, the insider now owns 43,140 shares in the company, valued at $1,639,320. The disclosure for this sale can be found here. Insiders sold a total of 6,961 shares of company stock worth $244,508 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of SYF. Global X Management Co. LLC lifted its holdings in shares of Synchrony Financial by 19.8% in the 2nd quarter. Global X Management Co. LLC now owns 7,460 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 1,234 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Synchrony Financial by 8.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,717,021 shares of the financial services provider’s stock worth $81,022,000 after buying an additional 212,342 shares during the period. First Trust Advisors LP increased its stake in Synchrony Financial by 21.4% during the 2nd quarter. First Trust Advisors LP now owns 1,126,939 shares of the financial services provider’s stock worth $33,605,000 after buying an additional 198,502 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Synchrony Financial during the 2nd quarter worth approximately $319,000. Finally, Wedbush Securities Inc. increased its stake in Synchrony Financial by 8.4% during the 2nd quarter. Wedbush Securities Inc. now owns 8,978 shares of the financial services provider’s stock worth $268,000 after buying an additional 695 shares during the period. Hedge funds and other institutional investors own 85.77% of the company’s stock.

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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.

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

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