Wall Street analysts expect Synchrony Financial (NYSE:SYF) to report $3.96 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Synchrony Financial’s earnings, with the lowest sales estimate coming in at $3.85 billion and the highest estimate coming in at $4.00 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 9.1%. The company is expected to announce its next quarterly earnings report on Friday, January 19th.

According to Zacks, analysts expect that Synchrony Financial will report full-year sales of $3.96 billion for the current year, with estimates ranging from $12.33 billion to $15.10 billion. For the next fiscal year, analysts expect that the company will post sales of $15.67 billion per share, with estimates ranging from $13.48 billion to $16.75 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Synchrony Financial.

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

A number of equities analysts recently issued reports on the company. Barclays set a $40.00 target price on Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. JMP Securities raised their target price on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Wedbush set a $41.00 price target on Synchrony Financial and gave the stock a “hold” rating in a research report on Monday, December 11th. Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a research report on Tuesday, October 31st. Eleven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Synchrony Financial has an average rating of “Buy” and an average target price of $38.30.

In other news, insider David P. Melito sold 1,881 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $38.00, for a total transaction of $71,478.00. Following the sale, the insider now directly owns 43,140 shares in the company, valued at approximately $1,639,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David P. Melito sold 2,580 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were 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 6,961 shares of company stock worth $244,508 over the last 90 days. Insiders own 0.03% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Synchrony Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 52,233,692 shares of the financial services provider’s stock valued at $1,557,609,000 after acquiring an additional 956,331 shares during the period. FMR LLC grew its position in shares of Synchrony Financial by 27.1% during the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock valued at $1,102,267,000 after acquiring an additional 7,874,689 shares during the period. First Eagle Investment Management LLC grew its position in shares of Synchrony Financial by 2.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock valued at $548,530,000 after acquiring an additional 362,810 shares during the period. Berkshire Hathaway Inc. acquired a new stake in shares of Synchrony Financial during the 2nd quarter valued at about $520,747,000. Finally, CI Investments Inc. grew its position in shares of Synchrony Financial by 7.5% during the 3rd quarter. CI Investments Inc. now owns 10,960,562 shares of the financial services provider’s stock valued at $340,325,000 after acquiring an additional 766,368 shares during the period. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Synchrony Financial (NYSE:SYF) opened at $39.40 on Friday. The stock has a market capitalization of $30,830.00, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a 52 week low of $26.01 and a 52 week high of $39.86.

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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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