Synchrony Financial (SYF) Projected to Post Quarterly Earnings on Tuesday

Synchrony Financial (NYSE:SYF - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Synchrony Financial to post earnings of $1.89 per share and revenue of $3,831,432.10 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Synchrony Financial Stock Up 1.1 %

Shares of NYSE SYF traded up $0.78 during trading hours on Tuesday, hitting $69.53. The company had a trading volume of 1,422,441 shares, compared to its average volume of 2,409,366. Synchrony Financial has a 1-year low of $36.85 and a 1-year high of $69.89. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The firm's 50 day moving average is $66.34 and its 200-day moving average is $56.24. The stock has a market capitalization of $27.07 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.64.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. Synchrony Financial's dividend payout ratio is presently 13.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. JMP Securities restated a "market outperform" rating and set a $60.00 target price on shares of Synchrony Financial in a research note on Monday, October 14th. JPMorgan Chase & Co. upgraded Synchrony Financial from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Evercore ISI upped their price objective on Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Truist Financial initiated coverage on Synchrony Financial in a research note on Tuesday, January 7th. They issued a "hold" rating and a $72.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $65.45.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis Howse sold 21,934 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the sale, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

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.