Zacks Research Has Negative Estimate for SYF FY2024 Earnings

Synchrony Financial (NYSE:SYF - Free Report) - Equities research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Synchrony Financial in a research report issued on Tuesday, December 17th. Zacks Research analyst K. Dey now expects that the financial services provider will earn $6.48 per share for the year, down from their prior estimate of $6.49. The consensus estimate for Synchrony Financial's current full-year earnings is $6.51 per share. Zacks Research also issued estimates for Synchrony Financial's Q4 2024 earnings at $1.81 EPS, Q3 2025 earnings at $1.69 EPS and FY2025 earnings at $6.05 EPS.

Other research analysts also recently issued reports about the company. Robert W. Baird set a $62.00 target price on Synchrony Financial in a research note on Thursday, October 17th. Barclays boosted their price target on Synchrony Financial from $49.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on shares of Synchrony Financial from $64.00 to $72.50 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Evercore ISI boosted their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $63.63.

Synchrony Financial Stock Up 1.8 %

SYF traded up $1.18 on Friday, hitting $65.45. The company had a trading volume of 13,298,191 shares, compared to its average volume of 3,963,443. The stock has a market capitalization of $25.48 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.82 and a beta of 1.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average price of $62.61 and a 200-day moving average price of $52.90. Synchrony Financial has a 12-month low of $35.29 and a 12-month high of $69.39.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.17. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. Synchrony Financial's dividend payout ratio (DPR) is presently 13.05%.

Insider Buying and Selling

In other Synchrony Financial 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 transaction, the insider now directly owns 127,587 shares of the company's stock, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis Howse sold 21,934 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were 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 directly owns 99,743 shares of the company's stock, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Synchrony Financial

Large investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its stake in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after acquiring an additional 292 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Synchrony Financial in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new position in shares of Synchrony Financial in the second quarter worth $33,000. WR Wealth Planners LLC increased its position in shares of Synchrony Financial by 83.6% during the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider's stock worth $34,000 after acquiring an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Synchrony Financial in the second quarter valued at $39,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Company Profile

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.