Synchrony Financial (NYSE:SYF) Issues Quarterly Earnings Results

Synchrony Financial (NYSE:SYF - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.26, Zacks reports. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Synchrony Financial updated its FY 2025 guidance to EPS.

Synchrony Financial Trading Down 0.4 %

SYF traded down $0.20 during mid-day trading on Friday, hitting $51.73. The stock had a trading volume of 272,286 shares, compared to its average volume of 3,936,686. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock's fifty day simple moving average is $53.03 and its 200-day simple moving average is $60.23. Synchrony Financial has a 1-year low of $40.55 and a 1-year high of $70.93. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 6.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.30 per share. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, May 5th. Synchrony Financial's dividend payout ratio (DPR) is currently 11.71%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYF. Truist Financial lowered their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company cut their price target on shares of Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday. UBS Group upped their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Finally, Bank of America raised their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $64.37.

About Synchrony Financial

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 co-brand 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, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.