$3.82 Billion in Sales Expected for Synchrony Financial (SYF) This Quarter
Brokerages forecast that Synchrony Financial (NYSE:SYF) will report $3.82 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Synchrony Financial’s earnings, with the highest sales estimate coming in at $3.88 billion and the lowest estimate coming in at $3.77 billion. Synchrony Financial reported sales of $3.59 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The company is scheduled to report its next earnings results on Friday, January 19th.
According to Zacks, analysts expect that Synchrony Financial will report full-year sales of $3.82 billion for the current year, with estimates ranging from $15.76 billion to $16.75 billion. For the next year, analysts expect that the company will post sales of $17.42 billion per share, with estimates ranging from $16.77 billion to $18.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Synchrony Financial.
Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the prior year, the firm posted $0.70 earnings per share.
In other news, Director Olympia J. Snowe purchased 3,000 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average price of $33.40 per share, with a total value of $100,200.00. Following the completion of the transaction, the director now owns 10,608 shares in the company, valued at $354,307.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the insider now directly owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,961 shares of company stock valued at $291,008. 0.03% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. boosted its position in shares of Synchrony Financial by 32.1% in the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after buying an additional 867 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of Synchrony Financial in the fourth quarter worth about $204,000. Highlander Capital Management LLC boosted its position in shares of Synchrony Financial by 83.6% in the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after buying an additional 2,500 shares during the period. SpiderRock Advisors LLC purchased a new stake in shares of Synchrony Financial in the third quarter worth about $176,000. Finally, Sun Life Financial INC boosted its position in shares of Synchrony Financial by 40,207.1% in the second quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after buying an additional 5,629 shares during the period. 85.57% of the stock is owned by institutional investors.
Synchrony Financial (SYF) opened at $38.47 on Monday. The company has a market capitalization of $30,106.31, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.47 and a beta of 1.06. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47.
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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