Wall Street brokerages predict that Synchrony Financial (NYSE:SYF) will report sales of $4.30 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Synchrony Financial’s earnings. The highest sales estimate is $4.44 billion and the lowest is $4.11 billion. Synchrony Financial posted sales of $4.21 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is expected to report its next earnings report on Friday, October 18th.

According to Zacks, analysts expect that Synchrony Financial will report full year sales of $16.89 billion for the current fiscal year, with estimates ranging from $16.79 billion to $16.97 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $16.71 billion, with estimates ranging from $16.25 billion to $17.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Synchrony Financial.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. Synchrony Financial had a net margin of 17.82% and a return on equity of 19.50%. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share.

Several equities analysts recently commented on SYF shares. Nomura upped their price target on shares of Synchrony Financial from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. BTIG Research reaffirmed a “buy” rating and set a $42.00 price target on shares of Synchrony Financial in a research report on Monday, July 22nd. Buckingham Research started coverage on shares of Synchrony Financial in a research report on Monday, July 22nd. They set a “buy” rating and a $42.00 price target for the company. BMO Capital Markets set a $43.00 price target on shares of Synchrony Financial and gave the stock a “buy” rating in a research report on Sunday, July 21st. Finally, ValuEngine lowered shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Synchrony Financial presently has an average rating of “Buy” and a consensus target price of $38.71.

In other Synchrony Financial news, insider David P. Melito sold 3,204 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $36.00, for a total transaction of $115,344.00. Following the completion of the sale, the insider now directly owns 23,567 shares in the company, valued at $848,412. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYF. Nuveen Asset Management LLC grew its stake in Synchrony Financial by 14,246.0% during the second quarter. Nuveen Asset Management LLC now owns 8,379,799 shares of the financial services provider’s stock worth $290,527,000 after buying an additional 8,321,387 shares during the period. AQR Capital Management LLC grew its stake in Synchrony Financial by 65.2% during the first quarter. AQR Capital Management LLC now owns 10,848,426 shares of the financial services provider’s stock worth $346,065,000 after buying an additional 4,281,422 shares during the period. Ruffer LLP purchased a new stake in Synchrony Financial during the first quarter worth approximately $49,313,000. Vanguard Group Inc. grew its stake in Synchrony Financial by 2.8% during the second quarter. Vanguard Group Inc. now owns 55,339,419 shares of the financial services provider’s stock worth $1,918,618,000 after buying an additional 1,497,768 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in Synchrony Financial by 51.1% during the second quarter. Panagora Asset Management Inc. now owns 4,081,292 shares of the financial services provider’s stock worth $141,498,000 after buying an additional 1,379,897 shares during the period. Institutional investors own 86.46% of the company’s stock.

SYF stock traded up $0.12 on Wednesday, hitting $34.08. 2,972,300 shares of the company were exchanged, compared to its average volume of 5,788,988. Synchrony Financial has a twelve month low of $21.77 and a twelve month high of $36.87. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.36 and a quick ratio of 1.25. The business’s fifty day moving average is $33.52 and its two-hundred day moving average is $33.85. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18.

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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