Analysts Expect Synchrony Financial (NYSE:SYF) Will Announce Earnings of $1.48 Per Share

Analysts predict that Synchrony Financial (NYSE:SYF) will post $1.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Synchrony Financial’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.85. Synchrony Financial reported earnings per share of $1.24 in the same quarter last year, which suggests a positive year-over-year growth rate of 19.4%. The business is expected to report its next quarterly earnings results on Friday, February 4th.

According to Zacks, analysts expect that Synchrony Financial will report full-year earnings of $7.27 per share for the current financial year, with EPS estimates ranging from $6.37 to $7.78. For the next fiscal year, analysts anticipate that the company will post earnings of $5.69 per share, with EPS estimates ranging from $4.60 to $6.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Synchrony Financial.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Monday, October 18th. The financial services provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.49. Synchrony Financial had a return on equity of 30.68% and a net margin of 27.12%. During the same quarter in the prior year, the firm earned $0.72 earnings per share.

Several equities research analysts recently commented on SYF shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Synchrony Financial from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 20th. Citigroup upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $59.00 in a report on Friday, October 29th. JPMorgan Chase & Co. downgraded Synchrony Financial from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $57.00 to $55.00 in a report on Wednesday, October 20th. Seaport Res Ptn restated a “buy” rating on shares of Synchrony Financial in a research note on Monday, August 30th. Finally, Seaport Global Securities started coverage on Synchrony Financial in a research note on Monday, August 30th. They set a “buy” rating and a $60.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $56.71.

NYSE SYF traded up $0.06 during trading hours on Thursday, hitting $49.77. The company’s stock had a trading volume of 3,709,483 shares, compared to its average volume of 5,646,238. Synchrony Financial has a 12 month low of $30.43 and a 12 month high of $52.49. The company’s 50 day simple moving average is $49.20 and its two-hundred day simple moving average is $48.54. The company has a market cap of $27.24 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.31 and a beta of 1.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.24 and a quick ratio of 1.19.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Monday, November 1st were given a dividend of $0.22 per share. The ex-dividend date was Friday, October 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.77%. Synchrony Financial’s payout ratio is currently 12.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Synchrony Financial by 7.2% in the 2nd quarter. Vanguard Group Inc. now owns 67,728,403 shares of the financial services provider’s stock worth $3,286,182,000 after purchasing an additional 4,544,581 shares in the last quarter. BlackRock Inc. lifted its holdings in Synchrony Financial by 1.3% in the 3rd quarter. BlackRock Inc. now owns 44,798,169 shares of the financial services provider’s stock worth $2,189,734,000 after purchasing an additional 554,648 shares in the last quarter. State Street Corp raised its holdings in shares of Synchrony Financial by 2.2% during the 2nd quarter. State Street Corp now owns 25,629,566 shares of the financial services provider’s stock worth $1,243,547,000 after acquiring an additional 562,479 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Synchrony Financial by 12.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,945,699 shares of the financial services provider’s stock worth $583,906,000 after acquiring an additional 1,366,735 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Synchrony Financial by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 10,993,032 shares of the financial services provider’s stock worth $536,155,000 after acquiring an additional 536,192 shares in the last quarter. 95.94% of the stock is currently owned by institutional investors.

About Synchrony Financial

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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Earnings History and Estimates for Synchrony Financial (NYSE:SYF)

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