Synchrony Financial (SYF) Scheduled to Post Quarterly Earnings on Friday

Synchrony Financial (NYSE:SYF) is set to announce its earnings results before the market opens on Friday, July 19th. Analysts expect the company to announce earnings of $0.99 per share for the quarter.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.12. Synchrony Financial had a return on equity of 19.79% and a net margin of 17.52%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, analysts expect Synchrony Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of SYF stock opened at $35.54 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 1.49. Synchrony Financial has a 1 year low of $21.77 and a 1 year high of $36.24. The stock’s fifty day simple moving average is $34.59. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.87 and a beta of 1.18.

In other news, insider David P. Melito sold 3,204 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $34.00, for a total transaction of $108,936.00. Following the completion of the sale, the insider now directly owns 29,476 shares of the company’s stock, valued at $1,002,184. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David P. Melito sold 6,014 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $34.25, for a total value of $205,979.50. Following the sale, the insider now directly owns 29,476 shares of the company’s stock, valued at $1,009,553. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,422 shares of company stock valued at $4,657,760. Insiders own 0.32% of the company’s stock.

A number of research analysts have issued reports on SYF shares. Nomura boosted their price target on Synchrony Financial from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine lowered Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. Royal Bank of Canada set a $60.00 price target on Masonite International and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, BTIG Research boosted their price target on Stryker to $219.00 and gave the stock a “positive” rating in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Synchrony Financial presently has an average rating of “Buy” and a consensus price target of $37.47.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Earnings History for Synchrony Financial (NYSE:SYF)

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