Synovus Financial (NYSE:SNV) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 20th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Synovus Financial (NYSE:SNV) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.08. Synovus Financial had a net margin of 17.25% and a return on equity of 8.51%. The firm had revenue of $472.80 million for the quarter, compared to the consensus estimate of $450.30 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect Synovus Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SNV opened at $23.90 on Friday. The company’s 50 day moving average price is $22.32 and its 200 day moving average price is $20.31. Synovus Financial has a 52 week low of $10.91 and a 52 week high of $40.32. The company has a market capitalization of $3.52 billion, a PE ratio of 9.30, a PEG ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 0.93.

A number of brokerages recently commented on SNV. Zacks Investment Research raised shares of Synovus Financial from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, September 23rd. ValuEngine downgraded shares of Synovus Financial from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Morgan Stanley lowered their price objective on shares of Synovus Financial from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Synovus Financial from $22.00 to $26.00 in a research report on Thursday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.78.

About Synovus Financial

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides various financial products and services. It offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. The company's commercial banking services comprise treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans.

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Earnings History for Synovus Financial (NYSE:SNV)

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