Equities research analysts predict that Synchrony Financial (NYSE:SYF) will post $0.77 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided 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 of $0.70 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The business is scheduled to announce its next quarterly earnings report 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 financial year, analysts anticipate that the business will post earnings of $4.15 per share, with EPS estimates ranging from $3.86 to $4.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Synchrony Financial.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, July 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. Synchrony Financial had a return on equity of 16.96% and a net margin of 13.39%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the prior year, the company posted $0.61 EPS.

SYF has been the subject of a number of recent analyst reports. Edward Jones lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, July 27th. UBS Group raised Synchrony Financial from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $32.00 to $33.00 in a report on Friday, August 3rd. Compass Point reissued a “buy” rating and issued a $39.00 price objective on shares of Synchrony Financial in a report on Monday, July 30th. ValuEngine raised Synchrony Financial from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Finally, Barclays lowered Synchrony Financial from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $53.00 to $32.00 in a report on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Synchrony Financial currently has a consensus rating of “Buy” and an average target price of $38.44.

In other news, Director Roy A. Guthrie acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was acquired at an average cost of $29.53 per share, for a total transaction of $295,300.00. Following the completion of the acquisition, the director now owns 47,997 shares in the company, valued at $1,417,351.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Synchrony Financial by 41.4% during the first quarter. Victory Capital Management Inc. now owns 79,473 shares of the financial services provider’s stock worth $2,665,000 after buying an additional 23,288 shares during the last quarter. Aperio Group LLC raised its holdings in Synchrony Financial by 7.7% during the 1st quarter. Aperio Group LLC now owns 227,355 shares of the financial services provider’s stock valued at $7,623,000 after buying an additional 16,342 shares during the last quarter. Neuberger Berman Group LLC grew its position in Synchrony Financial by 7.8% during the 1st quarter. Neuberger Berman Group LLC now owns 1,031,430 shares of the financial services provider’s stock valued at $34,584,000 after purchasing an additional 74,828 shares during the last quarter. US Bancorp DE grew its position in Synchrony Financial by 2.8% during the 1st quarter. US Bancorp DE now owns 82,377 shares of the financial services provider’s stock valued at $2,762,000 after purchasing an additional 2,222 shares during the last quarter. Finally, Bamco Inc. NY grew its position in Synchrony Financial by 11.3% during the 1st quarter. Bamco Inc. NY now owns 85,623 shares of the financial services provider’s stock valued at $2,871,000 after purchasing an additional 8,718 shares during the last quarter. Institutional investors and hedge funds own 85.08% of the company’s stock.

SYF stock traded down $0.13 on Tuesday, reaching $33.47. The company’s stock had a trading volume of 9,892,331 shares, compared to its average volume of 3,866,741. Synchrony Financial has a 52 week low of $28.64 and a 52 week high of $40.59. The firm has a market capitalization of $24.79 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05.

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.

See Also: How to Invest in Marijuana Stocks

Get a free copy of the Zacks research report on Synchrony Financial (SYF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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