Synchrony Financial (SYF) to Release Earnings on Friday

Synchrony Financial (NYSE:SYF) is scheduled to post its quarterly earnings results before the market opens on Friday, January 19th. Analysts expect Synchrony Financial to post earnings of $0.65 per share for the quarter.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $0.73 EPS. On average, analysts expect Synchrony Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Synchrony Financial (SYF) opened at $39.76 on Friday. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.17. The company has a market cap of $31,120.00, a price-to-earnings ratio of 15.12, a PEG ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.47 and a current ratio of 1.47.

Several research analysts have recently commented on the stock. Barclays set a $40.00 price target on shares of Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. JMP Securities increased their price target on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Wedbush set a $41.00 price target on shares of Synchrony Financial and gave the stock a “hold” rating in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Wells Fargo & Co increased their price target on shares of Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.30.

In related news, insider David P. Melito sold 2,580 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total transaction of $90,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Olympia J. Snowe acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the acquisition, the director now owns 10,608 shares in the company, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 6,961 shares of company stock valued at $244,508. 0.03% of the stock is owned by insiders.

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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.

Earnings History for Synchrony Financial (NYSE:SYF)

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