Synchrony Financial (NYSE:SYF) is set to post its quarterly earnings results before the market opens on Friday, July 19th. Analysts expect Synchrony Financial to post earnings of $0.99 per share for the quarter.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Thursday, April 18th. The financial services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Synchrony Financial had a return on equity of 19.79% and a net margin of 17.52%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business posted $0.83 EPS. On average, analysts expect Synchrony Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of SYF opened at $35.64 on Friday. The company’s fifty day simple moving average is $34.46. The company has a current ratio of 1.39, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $36.12. The stock has a market cap of $24.48 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19.
In other news, insider David P. Melito sold 3,204 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $34.00, for a total transaction of $108,936.00. Following the transaction, the insider now directly owns 29,476 shares of the company’s stock, valued at approximately $1,002,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Margaret M. Keane sold 125,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $33.82, for a total value of $4,227,500.00. Following the completion of the transaction, the insider now directly owns 648,901 shares in the company, valued at $21,945,831.82. The disclosure for this sale can be found here. Insiders have sold a total of 134,218 shares of company stock worth $4,542,416 over the last three months. Insiders own 0.32% of the company’s stock.
Several analysts have commented on the company. Royal Bank of Canada set a $60.00 target price on Masonite International and gave the company a “buy” rating in a research note on Friday, May 3rd. ValuEngine downgraded Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Morgan Stanley downgraded Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Nomura increased their target price on Synchrony Financial from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Synchrony Financial has an average rating of “Buy” and an average target price of $37.47.
Synchrony Financial Company Profile
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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