Synovus Financial (SNV) to Release Earnings on Wednesday

Synovus Financial (NYSE:SNV - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $572.35 million for the quarter. Synovus Financial has set its FY 2025 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Synovus Financial (NYSE:SNV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.09. The company had revenue of $580.58 million during the quarter, compared to analyst estimates of $566.83 million. Synovus Financial had a net margin of 14.05% and a return on equity of 14.70%. The firm's revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. On average, analysts expect Synovus Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Synovus Financial Stock Down 0.0 %

NYSE SNV traded down $0.01 on Friday, reaching $39.57. 1,689,831 shares of the stock traded hands, compared to its average volume of 1,438,231. Synovus Financial has a 12 month low of $33.44 and a 12 month high of $59.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day moving average price of $48.20 and a 200-day moving average price of $50.87. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.11 and a beta of 1.16.

Synovus Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 20th were paid a $0.39 dividend. This is an increase from Synovus Financial's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.56 dividend on an annualized basis and a yield of 3.94%. Synovus Financial's payout ratio is 51.15%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Synovus Financial from $59.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Raymond James downgraded Synovus Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Stephens reissued an "equal weight" rating and issued a $58.00 price target on shares of Synovus Financial in a report on Thursday, January 16th. Wells Fargo & Company cut their price objective on shares of Synovus Financial from $60.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, UBS Group began coverage on shares of Synovus Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $76.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.17.

About Synovus Financial

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.