Somewhat Positive News Coverage Somewhat Unlikely to Impact Synchrony Financial (SYF) Share Price
Media headlines about Synchrony Financial (NYSE:SYF) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synchrony Financial earned a news impact score of 0.24 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.5260597977753 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Analysts Anticipate Synchrony Financial (SYF) Will Post Earnings of $0.68 Per Share (americanbankingnews.com)
- Synchrony Financial Achieves Top Score for Corporate Equality Index Three Years in a Row – Business Wire (press release) (businesswire.com)
- Synchrony Financial to Participate in the Bank of America Merrill Lynch Future of Financials 2017 Conference (finance.yahoo.com)
- Synchrony Financial : SYF-US: Dividend Analysis : November 06th, 2017 (record date) : By the numbers : November 6, 2017 (finance.yahoo.com)
Shares of Synchrony Financial (NYSE SYF) opened at $32.07 on Monday. Synchrony Financial has a 12-month low of $26.01 and a 12-month high of $38.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $25,097.71, a price-to-earnings ratio of 12.24, a PEG ratio of 1.32 and a beta of 1.02.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. research analysts forecast that Synchrony Financial will post 2.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.
Several research firms have commented on SYF. BidaskClub lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research note on Saturday, July 22nd. BMO Capital Markets restated a “buy” rating on shares of Synchrony Financial in a report on Friday, July 21st. JMP Securities boosted their target price on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Finally, Barclays PLC set a $40.00 target price on Synchrony Financial and gave the stock a “buy” rating in a report on Monday, October 23rd. Twelve investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.77.
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In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $33.50, for a total transaction of $33,500.00. Following the transaction, the insider now owns 113,578 shares of the company’s stock, valued at $3,804,863. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the transaction, the insider now directly owns 113,934 shares in the company, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
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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