Synchrony Financial (SYF) set to report earnings on Tuesday

Synchrony Financial (NYSE: SYF – Get a rating) will release its quarterly earnings data before the market opens on Tuesday, October 25. Analysts expect the company to report earnings of $1.45 per share for the quarter. Parties wishing to listen to the company’s conference call can do so using this link.

Synchrony Financial (NYSE: SYF – Get a rating) last released its quarterly results on Monday, July 18. The financial services provider reported earnings per share of $1.60 for the quarter, beating analyst consensus estimates of $1.43 by $0.17. The company posted revenue of $3.80 billion for the quarter, versus analyst estimates of $2.74 billion. Synchrony Financial had a net margin of 22.76% and a return on equity of 27.06%. During the same period last year, the company posted EPS of $2.12. On average, analysts expect Synchrony Financial to post EPS of $6 for the current fiscal year and EPS of $5 for the next fiscal year.

Performance of Synchrony financial stocks

NYSE SYF opened at $32.17 on Tuesday. The company has a debt ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day simple moving average is $32.32 and its 200-day simple moving average is $33.29. The company has a market capitalization of $15.50 billion, a PE ratio of 4.70, a growth price-earnings ratio of 0.77 and a beta of 1.55. Synchrony Financial has a 1-year minimum of $27.22 and a 1-year maximum of $52.49.

Synchrony Financial increases its dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11. Shareholders of record on Monday August 1 received a dividend of $0.23. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 2.86%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, July 29. Synchrony Financial’s dividend payout ratio is 13.43%.

Wall Street analysts predict growth

SYF has been the subject of a number of analyst reports. Barclays cut its price target on Synchrony Financial from $49.00 to $41.00 and set an “overweight” rating on the stock in a Thursday, October 13 research report. Keefe, Bruyette & Woods reduced their price target on Synchrony Financial from $59.00 to $46.00 in a Monday, July 11 report. Morgan Stanley lowered its price target on Synchrony Financial shares from $32.00 to $31.00 and set an “equal weight” rating for the company in a Wednesday, Oct. 5 report. Piper Sandler cut her price target on Synchrony Financial shares from $41.00 to $40.00 and set an “overweight” rating for the company in a Monday, September 26 research report. Finally, Credit Suisse Group lowered its price target on Synchrony Financial shares to $38.00 in a Thursday, October 13 report. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and nine gave the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.60.

Hedge funds weigh on Synchrony Financial

Hedge funds and other institutional investors have recently changed their positions in the stock. Covestor Ltd increased its stake in shares of Synchrony Financial by 138.8% during the first quarter. Covestor Ltd now owns 1,108 shares of the financial services provider worth $39,000 after buying a further 644 shares last quarter. Zions Bancorporation NA increased its equity stake in Synchrony Financial by 230.5% in Q1. Zions Bancorporation NA now owns 1,226 shares of the financial services provider valued at $43,000 after acquiring 855 additional shares in the last quarter. Parkside Financial Bank & Trust increased its position in Synchrony Financial shares by 76.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,325 shares of the financial services provider worth $46,000 after acquiring an additional 573 shares last quarter. Brown Brothers Harriman & Co. increased its stake in Synchrony Financial by 45.0% during the first quarter. Brown Brothers Harriman & Co. now owns 5,086 shares of the financial services provider worth $177,000 after buying 1,579 additional shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Synchrony Financial in the first quarter worth approximately $329,000. Hedge funds and other institutional investors hold 94.12% of the company’s shares.

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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Earnings history for Synchrony Financial (NYSE:SYF)

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