Synovus Financial (SNV) Set to Announce Earnings on Tuesday

Synovus Financial (NYSE:SNV) is set to post its quarterly earnings results before the market opens on Tuesday, January 23rd. Analysts expect Synovus Financial to post earnings of $0.67 per share for the quarter.

Synovus Financial (NYSE:SNV) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $398.01 million for the quarter, compared to the consensus estimate of $331.27 million. Synovus Financial had a net margin of 21.39% and a return on equity of 10.44%. During the same quarter last year, the firm earned $0.65 EPS. On average, analysts expect Synovus Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Synovus Financial (NYSE:SNV) opened at $50.96 on Tuesday. The firm has a market cap of $6,090.00, a price-to-earnings ratio of 20.55, a PEG ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 0.99. Synovus Financial has a twelve month low of $37.95 and a twelve month high of $51.18.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 21st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. Synovus Financial’s dividend payout ratio is currently 24.19%.

A number of research analysts have recently weighed in on the stock. Robert W. Baird restated an “average” rating and set a $47.00 price target on shares of Synovus Financial in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Synovus Financial from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research note on Friday, January 5th. Barclays raised their target price on shares of Synovus Financial from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 target price on shares of Synovus Financial in a research note on Friday, December 22nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $50.00 target price on shares of Synovus Financial in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.30.

In other Synovus Financial news, COO Allen J. Gula sold 2,125 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $47.11, for a total value of $100,108.75. Following the sale, the chief operating officer now directly owns 72,561 shares in the company, valued at approximately $3,418,348.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip W. Tomlinson sold 1,052 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $48.82, for a total transaction of $51,358.64. Following the completion of the sale, the director now owns 27,139 shares in the company, valued at $1,324,925.98. The disclosure for this sale can be found here. Insiders sold a total of 13,177 shares of company stock worth $614,367 over the last quarter. 1.50% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Synovus Financial (SNV) Set to Announce Earnings on Tuesday” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/16/synovus-financial-snv-set-to-announce-earnings-on-tuesday.html.

Synovus Financial Company Profile

Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

Earnings History for Synovus Financial (NYSE:SNV)

Receive News & Ratings for Synovus Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synovus Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply