Wall Street analysts are forecasting that Synchrony Financial (NYSE:SYF – Get Rating) will report earnings per share (EPS) of $1.44 for the current fiscal quarter, according to Zacks. Fifteen analysts have come up with estimates for Synchrony Financial’s earnings, with estimates ranging from $1.18 to $2.24. Synchrony Financial posted earnings per share of $2.12 for the same quarter last year, indicating a negative year-over-year growth rate of 32.1%. The company is expected to announce its next earnings results on Monday, January 1st.
On average, analysts expect Synchrony Financial to report full-year earnings per share for the current fiscal year of $5.77, with EPS estimates ranging from $5.41 to $6.26. For the next fiscal year, analysts expect the company to report earnings of $5.80 per share, with EPS estimates ranging from $5.21 to $6.48. Zacks’ earnings per share calculations are a median average based on a survey of market research firms covering Synchrony Financial.
Synchrony Financial (NYSE:SYF – Get Rating) last announced its earnings results on Monday, April 18th. The financial services firm reported earnings per share (EPS) of $1.77 for the quarter, beating the consensus estimate of $1.54 by $0.23. Synchrony Financial had a return on equity of 29.99% and a net margin of 26.26%. In the same quarter last year, the company generated earnings per share of $1.73.
Several analysts have recently issued reports on SYF stock. BMO Capital Markets increased its target price on Synchrony Financial to $52.00 from $49.00 and gave the stock an outperform rating in a research report on Tuesday, April. Credit Suisse Group has lowered its price target on Synchrony Financial to $58.00 from $60.00 and gave the company an outperform rating in a report Monday, January 31. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “balance” rating in a report Monday, March 28, and lowered the company’s price target to $40.00 from $56.00. StockNews.com began coverage of Synchrony Financial in a report on Thursday, March 31st. They give the company a “hold” rating. Finally, Bank of America lowered its target price on Synchrony Financial to $45.00 from $52.00 in a report on Thursday, March 17. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target of $52.89.
NYSE:SYF opened at $38.05 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.18 and a gearing ratio of 1.05. Synchrony Financial has a 12-month low of $33.76 and a 12-month high of $52.49. The stock has a 50-day moving average price of $37.21 and a 200-day moving average price of $43.25. The stock has a market cap of $19.08 billion, a P/E of 5.16, a P/E of 0.30, and a beta of 1.43.
Synchrony Financial announced that on Monday, April 18, its Board of Directors initiated a stock repurchase program that will allow the company to repurchase $2.80 billion of stock. This buyback authorization allows the financial services provider to buy back up to 13.6% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 12th. Investors of record will receive a dividend of $0.22 per share on Monday, May 2nd. That equates to a dividend of $0.88 on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Friday April 29th. Synchrony Financial’s payout ratio is currently 11.94%.
Hedge funds have recently changed their stock holdings. CVA Family Office LLC acquired a new interest in Synchrony Financial valued at approximately $30,000 during the fourth quarter. Blue Bell Private Wealth Management LLC acquired a $30,000 new equity interest in Synchrony Financial during the fourth quarter. Quent Capital LLC acquired a $31,000 new equity interest in Synchrony Financial during the fourth quarter. Spire Wealth Management added 1,219.7% to its position in Synchrony Financial during the fourth quarter. Spire Wealth Management now owns 871 shares of the financial services firm, valued at $40,000, after buying another 805 shares last quarter. Finally, Evolution Wealth Advisors LLC increased its position in Synchrony Financial by 143.1% during the third quarter. Evolution Wealth Advisors LLC now owns 919 shares of the financial services provider, valued at $45,000, after purchasing an additional 541 shares last quarter. 98.26% of the shares are owned by hedge funds and other institutional investors.
About Synchrony Financial (received rating)
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It offers lending products such as credit cards, commercial lending products and consumer installment loans. The Company also offers private label credit cards, dual card, co-branded and general purpose credit cards, short and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts for both retail and commercial customers, and accepts deposits through third-party securities brokerage firms.
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