Synchrony Financial (NYSE:SYF - Free Report) - Equities research analysts at Zacks Research upped their FY2026 earnings per share (EPS) estimates for shares of Synchrony Financial in a report released on Tuesday, December 17th. Zacks Research analyst K. Dey now expects that the financial services provider will post earnings of $7.12 per share for the year, up from their prior forecast of $7.11. The consensus estimate for Synchrony Financial's current full-year earnings is $6.51 per share.
Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.17. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 EPS.
A number of other analysts also recently issued reports on the company. Wells Fargo & Company upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group boosted their price target on shares of Synchrony Financial from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. JMP Securities restated a "market outperform" rating and set a $60.00 price objective on shares of Synchrony Financial in a research report on Monday, October 14th. Robert W. Baird set a $62.00 target price on shares of Synchrony Financial in a research report on Thursday, October 17th. Finally, BTIG Research downgraded Synchrony Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.63.
Read Our Latest Analysis on SYF
SYF stock traded up $0.44 during midday trading on Thursday, reaching $64.03. 1,008,411 shares of the company's stock traded hands, compared to its average volume of 3,909,901. The firm has a market capitalization of $24.93 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63. The company has a 50-day moving average price of $62.11 and a two-hundred day moving average price of $52.67. Synchrony Financial has a 52 week low of $35.29 and a 52 week high of $69.39. 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 business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, November 4th. Synchrony Financial's dividend payout ratio (DPR) is presently 13.05%.
In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the company's 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 represents a 18.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 127,587 shares of the company's stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.
A number of institutional investors have recently bought and sold shares of SYF. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Synchrony Financial by 31.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,768 shares of the financial services provider's stock worth $933,000 after buying an additional 4,732 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Synchrony Financial by 73.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,144 shares of the financial services provider's stock worth $479,000 after purchasing an additional 4,287 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Synchrony Financial by 134.4% during the 2nd quarter. Blue Trust Inc. now owns 2,004 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 1,149 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Synchrony Financial by 53.8% during the second quarter. Nisa Investment Advisors LLC now owns 69,715 shares of the financial services provider's stock valued at $3,290,000 after purchasing an additional 24,375 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Synchrony Financial by 0.9% in the second quarter. Fifth Third Bancorp now owns 38,601 shares of the financial services provider's stock worth $1,822,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.
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.
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