Zacks: Analysts Expect Synchrony Financial (SYF) Will Post Earnings of $0.66 Per Share
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.
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.
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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.
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