Wall Street brokers predict that Synchrony Financial (NYSE: SYF – Get a rating) will post sales of $3.66 billion for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have released earnings estimates for Synchrony Financial, with the lowest sales estimate at $3.31 billion and the highest estimate at $3.77 billion. Synchrony Financial reported sales of $3.31 billion in the same quarter last year, indicating a positive year-over-year growth rate of 10.6%. The company is due to announce its next results on Monday, January 1.

On average, analysts expect Synchrony Financial to report annual revenue of $15.23 billion for the current year, with estimates ranging from $14.87 billion to $15.73 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $16.44 billion, with estimates ranging from $15.83 billion to $16.94 billion. Zacks sales averages are an average based on a survey of analysts who follow Synchrony Financial.

Synchrony Financial (NYSE: SYF – Get a rating) last released its quarterly earnings data on Monday, April 18. The financial services provider reported earnings per share of $1.77 for the quarter, beating the consensus estimate of $1.54 by $0.23. Synchrony Financial had a return on equity of 29.99% and a net margin of 26.26%. During the same period last year, the company achieved EPS of $1.73.

Several research companies commented on SYF. BMO Capital Markets raised its target price on Synchrony Financial from $49.00 to $52.00 and gave the company an “outperform” rating in a Tuesday, April 19 research report. Goldman Sachs Group raised its price target on Synchrony Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a Tuesday, April 19 research note. Wolfe Research downgraded Synchrony Financial from a “peer performing” rating to an “underperforming” rating and set a price target of $22.00 for the stock. in a research note on Thursday, May 12. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “equally weighted” rating and reduced its price target for the stock from $56.00 to $40.00 in a Monday, March 28 research note . Finally, Bank of America reduced its price target on Synchrony Financial from $52.00 to $45.00 in a Thursday, March 17 research note. One research analyst rated the stock with a sell rating, six assigned a hold rating and thirteen gave the company’s stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $51.26.

Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Penserra Capital Management LLC increased its equity stake in Synchrony Financial by 11.0% during the third quarter. Penserra Capital Management LLC now owns 2,031 shares of the financial services provider valued at $99,000 after acquiring 201 additional shares last quarter. Greenleaf Trust increased its holdings in Synchrony Financial by 3.3% during the third quarter. Greenleaf Trust now owns 6,842 shares of the financial services provider worth $334,000 after buying 219 more shares last quarter. Baird Financial Group Inc. increased its stake in Synchrony Financial by 0.9% during the fourth quarter. Baird Financial Group Inc. now owns 25,965 shares of the financial services provider worth $1,205,000 after purchasing an additional 235 shares last quarter. Geneos Wealth Management Inc. increased its holdings in Synchrony Financial by 17.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,588 shares of the financial services provider worth $73,000 after purchasing an additional 240 shares last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Synchrony Financial by 3.4% during the third quarter. Kingsview Wealth Management LLC now owns 7,307 shares of the financial services provider worth $357,000 after buying an additional 241 shares last quarter. Hedge funds and other institutional investors hold 98.26% of the company’s shares.

Synchrony Financial Action opened at $36.14 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt ratio of 1.05. The company has a market capitalization of $18.12 billion, a PE ratio of 4.90, a P/E/G ratio of 0.28 and a beta of 1.43. Synchrony Financial has a 12-month low of $31.36 and a 12-month high of $52.49. The stock has a 50-day moving average price of $36.41 and a two-hundred-day moving average price of $41.56.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 12. Shareholders of record on Monday, May 2 received a dividend of $0.22 per share. The ex-dividend date was Friday, April 29. This represents an annualized dividend of $0.88 and a dividend yield of 2.43%. Synchrony Financial’s dividend payout ratio is 11.94%.

Synchrony Financial announced that its board of directors approved a stock buyback plan on Monday, April 18 that allows the company to repurchase $2.80 billion worth of stock. This repurchase authorization allows the financial services provider to purchase up to 13.6% of its shares through purchases on the open market. Stock repurchase plans usually indicate that the management of the company believes that its shares are undervalued.

Synchrony Financial Company Profile (Get a rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products and consumer installment loans. The company also offers private label credit cards, dual cards, co-branded and general purpose credit cards, short and long term installment loans and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts for retail and commercial customers, as well as deposits through brokerage firms in third-party securities.

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