Synchrony Financial (SYF) Earns Coverage Optimism Score of 0.21
Media coverage about Synchrony Financial (NYSE:SYF) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Synchrony Financial earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.6440716605397 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- PayPal and Synchrony Financial Introduce New Mastercard That Offers 2% Cash Back on Every Purchase (finance.yahoo.com)
- Brokerages Anticipate Synchrony Financial (SYF) Will Announce Quarterly Sales of $3.78 Billion (americanbankingnews.com)
- Analysts Expect Synchrony Financial (SYF) Will Announce Earnings of $0.66 Per Share (americanbankingnews.com)
- Critical Contrast: EZCORP (EZPW) and Synchrony Financial (SYF) (americanbankingnews.com)
- Synchrony Financial (SYF) Upgraded to Hold by BidaskClub (americanbankingnews.com)
SYF has been the topic of a number of recent analyst reports. BidaskClub raised Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. TheStreet raised Synchrony Financial from a “c” rating to a “b” rating in a research report on Monday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $36.00 target price on shares of Synchrony Financial in a research report on Wednesday, May 24th. Finally, ValuEngine raised Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Nine investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.55.
Shares of Synchrony Financial (NYSE:SYF) opened at 30.66 on Thursday. The firm has a 50-day moving average price of $30.03 and a 200 day moving average price of $31.35. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 11.51 and a beta of 1.01. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.06.
Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, July 21st. The financial services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. During the same quarter last year, the business posted $0.58 EPS. On average, analysts anticipate that Synchrony Financial will post $2.60 EPS for the current fiscal year.
Synchrony Financial announced that its Board of Directors has approved a stock buyback plan on Thursday, May 18th that permits the company to repurchase $1.64 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 3rd. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.96%. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.64%.
In other news, Director Paget Leonard Alves bought 2,000 shares of Synchrony Financial stock in a transaction dated Monday, July 24th. The stock was bought at an average cost of $30.85 per share, for a total transaction of $61,700.00. Following the purchase, the director now directly owns 8,521 shares in the company, valued at approximately $262,872.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% 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.
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