Synchrony Financial (NYSE:SYF) – Research analysts at Wedbush issued their Q3 2016 earnings estimates for shares of Synchrony Financial in a research report issued on Monday. Wedbush analyst H. Coffey anticipates that the brokerage will post earnings of $0.66 per share for the quarter. Wedbush currently has a “Outperform” rating and a $31.00 target price on the stock. Wedbush also issued estimates for Synchrony Financial’s Q4 2016 earnings at $0.68 EPS, FY2016 earnings at $2.63 EPS, Q1 2017 earnings at $0.76 EPS, Q2 2017 earnings at $0.68 EPS, Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $2.95 EPS and FY2018 earnings at $3.24 EPS.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Synchrony Financial had a return on equity of 16.97% and a net margin of 15.63%. During the same quarter in the previous year, the firm earned $0.65 EPS.

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

A number of other analysts have also weighed in on the stock. BMO Capital Markets reissued a “buy” rating and issued a $108.00 price target on shares of Synchrony Financial in a report on Tuesday, July 5th. Jefferies Group reissued a “buy” rating and issued a $35.00 price target on shares of Synchrony Financial in a report on Wednesday, June 29th. Deutsche Bank AG reissued a “buy” rating and issued a $31.50 price target on shares of Synchrony Financial in a report on Thursday, August 18th. BTIG Research started coverage on shares of Synchrony Financial in a research note on Sunday, July 10th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and a consensus target price of $39.87.

Synchrony Financial (NYSE:SYF) opened at 26.37 on Thursday. The firm’s 50 day moving average price is $27.23 and its 200-day moving average price is $28.21. Synchrony Financial has a 52 week low of $23.25 and a 52 week high of $34.60. The firm has a market cap of $21.99 billion, a PE ratio of 10.06 and a beta of 0.92.

A number of large investors have recently modified their holdings of the stock. Cadence Capital Management LLC raised its stake in shares of Synchrony Financial by 0.9% in the second quarter. Cadence Capital Management LLC now owns 14,768 shares of the company’s stock valued at $373,000 after buying an additional 137 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Synchrony Financial by 1.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,065 shares of the company’s stock valued at $479,000 after buying an additional 228 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Synchrony Financial by 3.6% in the second quarter. IFP Advisors Inc now owns 6,991 shares of the company’s stock valued at $177,000 after buying an additional 243 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Synchrony Financial by 2.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 9,710 shares of the company’s stock valued at $272,000 after buying an additional 270 shares during the last quarter. Finally, AT Bancorp raised its stake in shares of Synchrony Financial by 0.3% in the second quarter. AT Bancorp now owns 148,452 shares of the company’s stock valued at $3,752,000 after buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

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.

5 Day Chart for NYSE:SYF

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