Analysts expect Synchrony Financial (NYSE:SYF) to announce $3.89 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made 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 suggests a positive year over year growth rate of 8.4%. The company is scheduled to issue its next earnings results on Friday, April 27th.
According to Zacks, analysts expect that Synchrony Financial will report full-year sales of $3.89 billion for the current year, with estimates ranging from $16.33 billion to $16.88 billion. For the next year, analysts expect that the business will post sales of $18.18 billion per share, with estimates ranging from $17.81 billion to $18.91 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Synchrony Financial.
Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.70 EPS.
Shares of Synchrony Financial (NYSE:SYF) opened at $36.68 on Wednesday. The firm has a market cap of $28,470.00, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 1.45. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.59.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, February 2nd. Synchrony Financial’s payout ratio is 22.90%.
In related news, insider Margaret M. Keane sold 13,138 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total value of $482,164.60. Following the completion of the transaction, the insider now owns 440,169 shares of the company’s stock, valued at approximately $16,154,202.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas M. Quindlen sold 10,712 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The disclosure for this sale can be found here. Insiders sold a total of 25,850 shares of company stock valued at $955,616 in the last ninety days. 0.03% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB boosted its holdings in Synchrony Financial by 10.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 153,719 shares of the financial services provider’s stock worth $5,935,000 after buying an additional 14,862 shares during the period. Handelsbanken Fonder AB boosted its holdings in Synchrony Financial by 11.1% in the 4th quarter. Handelsbanken Fonder AB now owns 500,000 shares of the financial services provider’s stock worth $19,305,000 after buying an additional 50,000 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Synchrony Financial by 35.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 231,430 shares of the financial services provider’s stock worth $8,935,000 after buying an additional 61,050 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Synchrony Financial by 9.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,270,483 shares of the financial services provider’s stock worth $49,053,000 after buying an additional 106,062 shares during the period. Finally, DF Dent & Co. Inc. bought a new position in Synchrony Financial in the 4th quarter worth $787,000. 88.65% of the stock is owned by institutional investors.
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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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