Analysts Expect Synchrony Financial (SYF) Will Post Quarterly Sales of $3.89 Billion

Wall Street analysts expect that Synchrony Financial (NYSE:SYF) will report sales of $3.89 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Synchrony Financial’s earnings. The highest sales estimate is $3.97 billion and the lowest is $3.72 billion. Synchrony Financial posted sales of $3.59 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is expected to issue its next earnings results on Friday, April 27th.

On average, analysts expect that Synchrony Financial will report full year sales of $3.89 billion for the current fiscal year, with estimates ranging from $16.33 billion to $16.88 billion. For the next fiscal year, analysts expect that the business will report sales of $18.18 billion per share, with estimates ranging from $17.81 billion to $18.91 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Synchrony Financial.

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

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

Shares of Synchrony Financial (NYSE:SYF) opened at $37.50 on Thursday. The company has a market cap of $29,350.00, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45. Synchrony Financial has a one year low of $26.01 and a one year high of $40.59.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Synchrony Financial’s payout ratio is 24.79%.

In related news, insider David P. Melito sold 2,000 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the transaction, the insider now owns 39,259 shares in the company, valued at $1,570,360. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David P. Melito sold 2,580 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total transaction of $90,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,461 shares of company stock valued at $241,778. Company insiders own 0.03% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SYF. Patten Group Inc. grew its position in Synchrony Financial by 3,019.4% during the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock valued at $106,000 after buying an additional 103,292 shares during the period. 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 buying an additional 2,500 shares during the period. SpiderRock Advisors LLC bought a new position in Synchrony Financial during the third quarter valued at about $176,000. Steward Partners Investment Advisory LLC bought a new position in Synchrony Financial during the third quarter valued at about $192,000. Finally, Shelton Capital Management purchased a new stake in Synchrony Financial during the second quarter valued at about $201,000. Institutional investors own 86.78% of the company’s stock.

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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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