News headlines about Synchrony Financial (NYSE:SYF) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synchrony Financial earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.6449994891542 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s scoring:
Synchrony Financial traded up $0.51, reaching $35.44, during trading hours on Friday, MarketBeat reports. 7,236,704 shares of the stock were exchanged, compared to its average volume of 5,240,081. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.46. Synchrony Financial has a 52 week low of $26.34 and a 52 week high of $40.59. The company has a market cap of $26.36 billion, a PE ratio of 13.53, a P/E/G ratio of 1.15 and a beta of 1.13.
Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, April 20th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Synchrony Financial had a return on equity of 15.60% and a net margin of 12.36%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business posted $0.61 EPS. sell-side analysts expect that Synchrony Financial will post 3.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Monday, May 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, May 4th. Synchrony Financial’s dividend payout ratio is presently 22.90%.
A number of brokerages recently commented on SYF. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a report on Sunday, April 22nd. Morgan Stanley reduced their price target on Synchrony Financial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, April 30th. Citigroup began coverage on Synchrony Financial in a report on Thursday, April 5th. They issued a “neutral” rating and a $37.00 price target for the company. Zacks Investment Research raised Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, January 31st. Finally, Barclays set a $53.00 price target on Synchrony Financial and gave the company a “buy” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.69.
In other Synchrony Financial news, insider Paul Whynott sold 1,750 shares of the stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $33.27, for a total transaction of $58,222.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas M. Quindlen sold 10,712 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total value of $393,451.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,761 shares of company stock worth $526,829. 0.07% of the stock is currently owned by company insiders.
Synchrony Financial Company Profile
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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