Synchrony Financial (SYF) Expected to Post Quarterly Sales of $3.82 Billion

Equities analysts predict that Synchrony Financial (NYSE:SYF) will post sales of $3.82 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Synchrony Financial’s earnings. The highest sales estimate is $3.88 billion and the lowest is $3.77 billion. Synchrony Financial posted sales of $3.59 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The firm is expected to issue its next earnings report on Friday, January 19th.

According to Zacks, analysts expect that Synchrony Financial will report full-year sales of $3.82 billion for the current financial year, with estimates ranging from $15.76 billion to $16.75 billion. For the next year, analysts forecast that the firm will report sales of $17.42 billion per share, with estimates ranging from $16.77 billion to $18.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Synchrony Financial.

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

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a report on Tuesday, October 31st. Wells Fargo & Co raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Tuesday, January 9th. Morgan Stanley boosted their price target on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Barclays set a $55.00 price target on Synchrony Financial and gave the stock a “buy” rating in a report on Thursday, January 11th. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Synchrony Financial presently has an average rating of “Buy” and a consensus price target of $38.40.

In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the insider now owns 39,259 shares of the company’s stock, valued at $1,570,360. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Mothner sold 1,500 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Insiders sold 7,961 shares of company stock valued at $291,008 over the last quarter. Insiders own 0.03% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Westside Investment Management Inc. grew its position in Synchrony Financial by 32.1% during the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 867 shares during the period. TRUE Private Wealth Advisors purchased a new stake in Synchrony Financial during the fourth quarter valued at about $204,000. Highlander Capital Management LLC grew its position in Synchrony Financial by 83.6% during the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 2,500 shares during the period. SpiderRock Advisors LLC purchased a new stake in Synchrony Financial during the third quarter valued at about $176,000. Finally, Sun Life Financial INC grew its position in Synchrony Financial by 40,207.1% during the second quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 5,629 shares during the period. 85.57% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial (SYF) opened at $38.47 on Monday. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.17. The firm has a market capitalization of $30,106.31, a price-to-earnings ratio of 15.96, a PEG ratio of 1.47 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.

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About Synchrony Financial

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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