Wall Street analysts forecast that Synchrony Financial (NYSE:SYF) will post $3.89 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Synchrony Financial’s earnings. The lowest sales estimate is $3.72 billion and the highest is $3.97 billion. Synchrony Financial posted sales of $3.59 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.4%. The company is expected to issue its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Synchrony Financial will report full year sales of $3.89 billion for the current year, with estimates ranging from $16.33 billion to $16.88 billion. For the next fiscal year, analysts expect that the business will report sales of $18.18 billion per share, with estimates ranging from $17.81 billion to $18.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Synchrony Financial.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same period in the previous year, the business earned $0.70 earnings per share.
In other Synchrony Financial news, insider Margaret M. Keane sold 13,138 shares of Synchrony Financial stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $36.70, for a total transaction of $482,164.60. Following the completion of the sale, the insider now owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David P. Melito sold 2,000 shares of Synchrony Financial stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the insider now directly owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,850 shares of company stock valued at $955,616. Corporate insiders own 0.03% of the company’s stock.
A number of hedge funds have recently modified their holdings of SYF. Xact Kapitalforvaltning AB lifted its stake in shares of Synchrony Financial by 10.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 153,719 shares of the financial services provider’s stock valued at $5,935,000 after acquiring an additional 14,862 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Synchrony Financial by 11.1% in the 4th quarter. Handelsbanken Fonder AB now owns 500,000 shares of the financial services provider’s stock valued at $19,305,000 after acquiring an additional 50,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Synchrony Financial by 35.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 231,430 shares of the financial services provider’s stock valued at $8,935,000 after acquiring an additional 61,050 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Synchrony Financial by 9.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,270,483 shares of the financial services provider’s stock valued at $49,053,000 after acquiring an additional 106,062 shares during the last quarter. Finally, DF Dent & Co. Inc. bought a new stake in shares of Synchrony Financial in the 4th quarter valued at about $787,000. 88.65% of the stock is owned by hedge funds and other institutional investors.
Synchrony Financial (NYSE:SYF) opened at $36.68 on Wednesday. The firm has a market capitalization of $28,470.00, a price-to-earnings ratio of 14.00, a PEG ratio of 1.44 and a beta of 1.07. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $40.59. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.45.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 2nd. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.90%.
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About Synchrony Financial
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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