Synchrony Financial (NYSE:SYF) – Analysts at Jefferies Group raised their Q2 2018 earnings per share estimates for Synchrony Financial in a research report issued on Wednesday. Jefferies Group analyst J. Hecht now expects that the financial services provider will earn $0.92 per share for the quarter, up from their prior forecast of $0.79. Jefferies Group has a “Buy” rating and a $44.00 price objective on the stock. Jefferies Group also issued estimates for Synchrony Financial’s Q3 2018 earnings at $0.84 EPS, FY2018 earnings at $3.50 EPS, Q1 2019 earnings at $1.27 EPS and FY2019 earnings at $4.20 EPS.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company posted $0.73 earnings per share.
A number of other research firms have also issued reports on SYF. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Barclays set a $55.00 price objective on shares of Synchrony Financial and gave the company a “buy” rating in a research report on Thursday. Wedbush set a $41.00 price objective on shares of Synchrony Financial and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, Wells Fargo & Co began coverage on shares of Synchrony Financial in a research report on Tuesday, October 10th. They issued a “market perform” rating and a $33.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $38.40.
Synchrony Financial (NYSE SYF) opened at $39.37 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.17. The stock has a market capitalization of $30,810.00, a PE ratio of 14.97, a P/E/G ratio of 1.56 and a beta of 1.06.
Several hedge funds have recently bought and sold shares of the company. Hikari Power Ltd acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at approximately $243,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at approximately $219,000. Moon Capital Management LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at approximately $4,372,000. Polianta Ltd lifted its position in shares of Synchrony Financial by 12.0% during the 4th quarter. Polianta Ltd now owns 35,400 shares of the financial services provider’s stock valued at $1,366,000 after acquiring an additional 3,800 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC lifted its position in shares of Synchrony Financial by 13.8% during the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 132,639 shares of the financial services provider’s stock valued at $5,121,000 after acquiring an additional 16,044 shares during the period. Institutional investors own 85.46% of the company’s stock.
In related news, Director Olympia J. Snowe purchased 3,000 shares of Synchrony Financial stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the transaction, the director now owns 10,608 shares in the company, valued at $354,307.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurel Richie purchased 1,000 shares of Synchrony Financial stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $34.20 per share, with a total value of $34,200.00. Following the completion of the transaction, the director now owns 8,608 shares in the company, valued at approximately $294,393.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,961 shares of company stock valued at $324,508. Insiders own 0.03% of the company’s stock.
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About Synchrony Financial
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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