Analysts Issue Forecasts for Synchrony Financial’s Q1 2020 Earnings (NYSE:SYF)

Synchrony Financial (NYSE:SYF) – Stock analysts at Jefferies Financial Group cut their Q1 2020 earnings per share (EPS) estimates for shares of Synchrony Financial in a research report issued to clients and investors on Monday, November 11th. Jefferies Financial Group analyst J. Hecht now forecasts that the financial services provider will earn $1.03 per share for the quarter, down from their previous forecast of $1.06. Jefferies Financial Group also issued estimates for Synchrony Financial’s Q2 2020 earnings at $0.99 EPS, Q3 2020 earnings at $1.16 EPS and FY2020 earnings at $4.44 EPS.

Several other equities research analysts also recently weighed in on SYF. Oppenheimer set a $39.00 price target on Synchrony Financial and gave the stock a “buy” rating in a research report on Tuesday, October 15th. ValuEngine downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Nomura set a $43.00 price target on Synchrony Financial and gave the stock a “buy” rating in a research report on Monday, October 21st. BTIG Research reaffirmed a “buy” rating and set a $42.00 price target on shares of Synchrony Financial in a research report on Monday, July 22nd. Finally, BMO Capital Markets set a $43.00 price target on Synchrony Financial and gave the stock a “buy” rating in a research report on Sunday, July 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $38.92.

Shares of SYF opened at $36.56 on Tuesday. The business’s 50-day moving average is $34.47 and its two-hundred day moving average is $34.37. The company has a market capitalization of $23.84 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.93 and a beta of 1.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.26 and a current ratio of 1.38. Synchrony Financial has a fifty-two week low of $21.77 and a fifty-two week high of $37.33.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, October 18th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.33 billion. Synchrony Financial had a return on equity of 20.05% and a net margin of 19.54%. During the same period last year, the firm earned $0.91 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, November 1st. Synchrony Financial’s payout ratio is currently 23.53%.

In other news, Director Will W. Graylin sold 7,500 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $33.71, for a total transaction of $252,825.00. Following the sale, the director now directly owns 76,662 shares of the company’s stock, valued at approximately $2,584,276.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Several hedge funds have recently bought and sold shares of SYF. Nuveen Asset Management LLC boosted its stake in shares of Synchrony Financial by 14,246.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,379,799 shares of the financial services provider’s stock worth $290,527,000 after acquiring an additional 8,321,387 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Synchrony Financial by 26.2% during the 2nd quarter. AQR Capital Management LLC now owns 13,694,041 shares of the financial services provider’s stock worth $472,034,000 after acquiring an additional 2,845,615 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Synchrony Financial by 263.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,110,162 shares of the financial services provider’s stock worth $71,935,000 after acquiring an additional 1,528,866 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Synchrony Financial by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 55,339,419 shares of the financial services provider’s stock worth $1,918,618,000 after acquiring an additional 1,497,768 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Synchrony Financial by 51.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,081,292 shares of the financial services provider’s stock worth $141,498,000 after acquiring an additional 1,379,897 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

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 and Estimates for Synchrony Financial (NYSE:SYF)

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