Synchrony Financial (NYSE:SYF) Expected to Post Earnings of $1.44 Per Share

Brokerages predict that Synchrony Financial (NYSE:SYF) will post earnings per share (EPS) of $1.44 for the current quarter, according to Zacks. Three analysts have made estimates for Synchrony Financial’s earnings. The lowest EPS estimate is $1.14 and the highest is $1.69. Synchrony Financial reported earnings of $0.72 per share during the same quarter last year, which indicates a positive year over year growth rate of 100%. The company is scheduled to issue its next earnings results on Tuesday, October 19th.

On average, analysts expect that Synchrony Financial will report full year earnings of $6.54 per share for the current year, with EPS estimates ranging from $5.90 to $7.10. For the next year, analysts expect that the business will post earnings of $5.47 per share, with EPS estimates ranging from $4.91 to $6.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Synchrony Financial.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Monday, July 19th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.65. Synchrony Financial had a return on equity of 27.59% and a net margin of 21.76%. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company posted $0.06 earnings per share.

Several equities analysts have issued reports on the company. began coverage on Synchrony Financial in a research report on Friday, July 9th. They issued a “neutral” rating and a $51.00 price objective for the company. JMP Securities upped their price target on shares of Synchrony Financial from $43.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, July 19th. Seaport Res Ptn reissued a “buy” rating on shares of Synchrony Financial in a report on Monday, August 30th. Seaport Global Securities initiated coverage on shares of Synchrony Financial in a research note on Monday, August 30th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Barclays increased their price target on shares of Synchrony Financial from $52.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 9th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to, the stock presently has a consensus rating of “Buy” and an average target price of $54.19.

NYSE SYF traded up $0.81 during trading hours on Friday, reaching $48.49. 82,798 shares of the company’s stock were exchanged, compared to its average volume of 5,903,833. The firm has a fifty day moving average of $48.42 and a 200-day moving average of $45.89. Synchrony Financial has a one year low of $24.20 and a one year high of $52.14. The stock has a market cap of $27.62 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.38 and a beta of 1.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.00.

Synchrony Financial declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 25th that permits the company to repurchase $2.90 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, July 30th. Synchrony Financial’s dividend payout ratio is 33.85%.

In related news, insider Carol Juel sold 8,708 shares of Synchrony Financial stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of $49.63, for a total transaction of $432,178.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Sandy Spring Bank bought a new stake in Synchrony Financial during the first quarter worth about $30,000. Harbour Investments Inc. purchased a new stake in Synchrony Financial in the first quarter worth about $33,000. Capital Analysts LLC bought a new position in Synchrony Financial during the 2nd quarter valued at approximately $33,000. Ellevest Inc. grew its position in Synchrony Financial by 1,564.0% in the 1st quarter. Ellevest Inc. now owns 832 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 782 shares during the period. Finally, E Fund Management Co. Ltd. bought a new position in shares of Synchrony Financial in the 1st quarter worth approximately $39,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

About Synchrony Financial

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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