Equities research analysts forecast that Synchrony Financial (NYSE:SYF) will announce $3.89 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Synchrony Financial’s earnings, with the lowest sales estimate coming in at $3.72 billion and the highest estimate coming in at $3.97 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 report 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 anticipate that the firm will post sales of $18.18 billion per share, with estimates ranging from $17.81 billion to $18.91 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Synchrony Financial.

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

Several research firms have recently issued reports on SYF. Zacks Investment Research upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, January 31st. Oppenheimer restated a “hold” rating on shares of Synchrony Financial in a research report on Tuesday, October 31st. Barclays set a $53.00 price target on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley increased their price target on shares of Synchrony Financial from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a research report on Thursday, October 12th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and an average price target of $38.30.

In other Synchrony Financial news, Director Olympia J. Snowe bought 3,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of $33.40 per share, for a total transaction of $100,200.00. Following the completion of the transaction, the director now directly owns 10,608 shares of the company’s stock, valued at $354,307.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David P. Melito sold 2,580 shares of the stock in a transaction dated Wednesday, November 29th. The stock was 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. Insiders have sold 6,461 shares of company stock valued at $241,778 in the last quarter. Company insiders own 0.03% of the company’s stock.

Large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its position in Synchrony Financial by 13.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock worth $14,481,000 after purchasing an additional 56,959 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Synchrony Financial by 1.6% in the third quarter. Great West Life Assurance Co. Can now owns 610,025 shares of the financial services provider’s stock worth $18,999,000 after buying an additional 9,518 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Synchrony Financial by 531.9% in the third quarter. Stifel Financial Corp now owns 577,096 shares of the financial services provider’s stock worth $17,910,000 after buying an additional 485,775 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Synchrony Financial in the third quarter worth about $2,369,000. Finally, Keybank National Association OH lifted its holdings in shares of Synchrony Financial by 23.1% in the third quarter. Keybank National Association OH now owns 404,322 shares of the financial services provider’s stock worth $12,555,000 after buying an additional 75,828 shares in the last quarter. Hedge funds and other institutional investors own 86.78% of the company’s stock.

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

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

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Synchrony Financial Company Profile

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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