Zacks: Brokerages Expect Synchrony Financial (SYF) Will Post Earnings of $0.81 Per Share

Wall Street analysts forecast that Synchrony Financial (NYSE:SYF) will post earnings per share of $0.81 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Synchrony Financial’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.90. Synchrony Financial reported earnings of $0.61 per share during the same quarter last year, which indicates a positive year over year growth rate of 32.8%. The firm is scheduled to issue its next quarterly earnings report on Friday, January 19th.

On average, analysts expect that Synchrony Financial will report full-year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $2.85 to $3.84. For the next fiscal year, analysts anticipate that the company will report earnings of $4.13 per share, with EPS estimates ranging from $3.57 to $4.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Synchrony Financial.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business posted $0.70 EPS.

SYF has been the subject of several recent research reports. Jefferies Group boosted their price target on shares of Synchrony Financial to $44.00 and gave the company a “top pick” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Barclays set a $55.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Wedbush set a $41.00 price objective on shares of Synchrony Financial and gave the stock a “hold” rating in a research note on Monday, December 11th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Synchrony Financial currently has an average rating of “Buy” and a consensus target price of $38.40.

Synchrony Financial (NYSE:SYF) traded up $1.17 during trading hours on Friday, hitting $38.47. 11,650,709 shares of the stock traded hands, compared to its average volume of 6,440,000. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.17. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $30,110.00, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.42 and a beta of 1.06.

In related news, Director Olympia J. Snowe bought 3,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were bought at an average price of $33.40 per share, with a total value of $100,200.00. Following the transaction, the director now owns 10,608 shares in the company, valued at $354,307.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Mothner sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $32.82, for a total transaction of $49,230.00. Following the sale, the insider now directly owns 113,934 shares in the company, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,961 shares of company stock valued at $291,008. 0.03% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. grew its position in Synchrony Financial by 32.1% during the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 867 shares during the last quarter. Patten Group Inc. grew its position in Synchrony Financial by 3,019.4% during the 3rd quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 103,292 shares during the last quarter. Highlander Capital Management LLC grew its position in Synchrony Financial by 83.6% during the 2nd quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,500 shares during the last quarter. Sun Life Financial INC grew its position in Synchrony Financial by 40,207.1% during the 2nd quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 5,629 shares during the last quarter. Finally, SpiderRock Advisors LLC purchased a new stake in Synchrony Financial during the 3rd quarter worth approximately $176,000. 85.57% of the stock is currently owned by 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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