Wall Street brokerages expect Synchrony Financial (NYSE:SYF) to announce earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Synchrony Financial’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.88. Synchrony Financial reported earnings per share of $0.70 during the same quarter last year, which indicates a positive year over year growth rate of 10%. The company is expected to announce its next earnings results on Friday, October 19th.

According to Zacks, analysts expect that Synchrony Financial will report full year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.29 to $3.62. For the next year, analysts anticipate that the business will report earnings of $4.15 per share, with EPS estimates ranging from $3.86 to $4.45. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Synchrony Financial.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.10. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Synchrony Financial had a return on equity of 16.96% and a net margin of 13.39%. During the same quarter in the previous year, the company posted $0.61 earnings per share.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Synchrony Financial from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a report on Monday, August 6th. UBS Group raised Synchrony Financial from a “sell” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $33.00 in a report on Friday, August 3rd. Compass Point reaffirmed a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a report on Monday, July 30th. Finally, BMO Capital Markets cut their price target on Synchrony Financial from $51.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $38.44.

SYF opened at $33.60 on Tuesday. The company has a market cap of $24.73 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05. Synchrony Financial has a twelve month low of $28.64 and a twelve month high of $40.59.

In other news, Director Roy A. Guthrie bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were purchased at an average price of $29.53 per share, with a total value of $295,300.00. Following the completion of the acquisition, the director now directly owns 47,997 shares in the company, valued at $1,417,351.41. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. acquired a new position in Synchrony Financial in the second quarter worth approximately $120,000. Assetmark Inc. grew its position in Synchrony Financial by 98.1% in the second quarter. Assetmark Inc. now owns 4,327 shares of the financial services provider’s stock worth $144,000 after buying an additional 2,143 shares during the last quarter. AdvisorNet Financial Inc grew its position in Synchrony Financial by 111.6% in the second quarter. AdvisorNet Financial Inc now owns 5,202 shares of the financial services provider’s stock worth $174,000 after buying an additional 2,744 shares during the last quarter. Financial Advocates Investment Management acquired a new position in Synchrony Financial in the first quarter worth approximately $212,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in Synchrony Financial in the second quarter worth approximately $212,000. Hedge funds and other institutional investors own 85.08% of the company’s stock.

About Synchrony Financial

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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Earnings History and Estimates for Synchrony Financial (NYSE:SYF)

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