Wall Street analysts expect Synchrony Financial (NYSE:SYF) to report earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Synchrony Financial’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.69. Synchrony Financial reported earnings of $0.70 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 5.7%. The firm is expected to report its next earnings results on Friday, January 19th.

On average, analysts expect that Synchrony Financial will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.62. For the next fiscal year, analysts forecast that the company will post earnings of $3.12 per share, with EPS estimates ranging from $2.84 to $3.45. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Synchrony Financial.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm earned $0.73 EPS.

SYF has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. BidaskClub upgraded Synchrony Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $35.00 to $32.00 in a research note on Friday, September 8th. Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of Synchrony Financial in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.30.

Synchrony Financial (NYSE SYF) opened at $37.19 on Monday. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $38.06. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $29,104.59, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.06.

In other Synchrony Financial news, Director Laurel Richie purchased 1,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $34.20 per share, with a total value of $34,200.00. Following the acquisition, the director now owns 8,608 shares in the company, valued at $294,393.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olympia J. Snowe purchased 3,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average cost of $33.40 per share, for a total transaction 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 quarter, insiders have sold 6,961 shares of company stock valued at $244,508. 0.03% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SYF. Berkshire Hathaway Inc. purchased a new position in Synchrony Financial in the 2nd quarter worth approximately $520,747,000. Janus Henderson Group PLC lifted its holdings in Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after purchasing an additional 10,365,219 shares in the last quarter. FMR LLC lifted its holdings in Synchrony Financial by 27.1% in the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after purchasing an additional 7,874,689 shares in the last quarter. Capital World Investors purchased a new position in Synchrony Financial in the 2nd quarter worth approximately $202,269,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Synchrony Financial by 2,777.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock worth $128,144,000 after acquiring an additional 3,966,900 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/12/18/zacks-analysts-expect-synchrony-financial-syf-will-post-earnings-of-0-66-per-share.html.

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.

Get a free copy of the Zacks research report on Synchrony Financial (SYF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related stocks with our FREE daily email newsletter.