Zacks: Analysts Anticipate Synchrony Financial (SYF) Will Announce Earnings of $0.79 Per Share

Equities research analysts predict that Synchrony Financial (NYSE:SYF) will post earnings per share of $0.79 for the current quarter, Zacks reports. Five analysts have provided estimates for Synchrony Financial’s earnings, with estimates ranging from $0.70 to $0.89. Synchrony Financial reported earnings per share of $0.61 in the same quarter last year, which suggests a positive year over year growth rate of 29.5%. The business is scheduled to announce its next quarterly earnings results on Friday, April 27th.

According to Zacks, analysts expect that Synchrony Financial will report full year earnings of $3.38 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.50. For the next year, analysts anticipate that the firm will report earnings of $4.14 per share, with EPS estimates ranging from $3.90 to $4.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Synchrony Financial.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the business posted $0.70 EPS.

SYF has been the subject of a number of research analyst reports. Barclays set a $53.00 target price on Synchrony Financial and gave the company a “buy” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 target price on shares of Synchrony Financial in a research report on Thursday, October 12th. BTIG Research reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Sunday, December 17th. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research report on Tuesday, December 26th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $38.30.

In other Synchrony Financial news, Director Olympia J. Snowe bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the purchase, the director now directly owns 10,608 shares in the company, valued at $354,307.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laurel Richie bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $34.20 per share, for a total transaction of $34,200.00. Following the completion of the purchase, the director now owns 8,608 shares in the company, valued at $294,393.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 6,461 shares of company stock worth $241,778. 0.03% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of SYF. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Synchrony Financial by 2,777.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock worth $128,144,000 after buying an additional 3,966,900 shares during the last quarter. Bank of Montreal Can raised its holdings in Synchrony Financial by 30.3% in the 4th quarter. Bank of Montreal Can now owns 5,521,901 shares of the financial services provider’s stock worth $213,200,000 after purchasing an additional 1,284,298 shares during the period. Sterling Capital Management LLC raised its holdings in Synchrony Financial by 478.4% in the 2nd quarter. Sterling Capital Management LLC now owns 1,411,877 shares of the financial services provider’s stock worth $42,102,000 after purchasing an additional 1,167,766 shares during the period. Artemis Investment Management LLP raised its holdings in shares of Synchrony Financial by 47.6% during the third quarter. Artemis Investment Management LLP now owns 3,203,676 shares of the financial services provider’s stock valued at $99,459,000 after acquiring an additional 1,033,704 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $35,492,000. Hedge funds and other institutional investors own 86.78% of the company’s stock.

Shares of Synchrony Financial (NYSE:SYF) traded down $0.22 during midday trading on Tuesday, reaching $36.66. The company’s stock had a trading volume of 3,673,982 shares, compared to its average volume of 7,384,760. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.46. The company has a market cap of $29,802.94, a price-to-earnings ratio of 15.26, a PEG ratio of 1.49 and a beta of 1.01. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $40.59.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 annualized dividend and a yield of 1.64%. Synchrony Financial’s dividend payout ratio (DPR) is 24.90%.

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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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