Synchrony Financial (NYSE:SYF) Expected to Post Quarterly Sales of $3.55 Billion

Equities analysts expect Synchrony Financial (NYSE:SYF) to announce $3.55 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Synchrony Financial’s earnings, with estimates ranging from $3.54 billion to $3.57 billion. Synchrony Financial posted sales of $4.03 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.9%. The business is scheduled to issue its next earnings results before the market opens on Friday, January 29th.

On average, analysts expect that Synchrony Financial will report full year sales of $14.30 billion for the current financial year, with estimates ranging from $14.29 billion to $14.31 billion. For the next fiscal year, analysts forecast that the firm will post sales of $14.84 billion, with estimates ranging from $14.81 billion to $14.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Synchrony Financial.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.11). Synchrony Financial had a net margin of 11.79% and a return on equity of 14.73%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the firm earned $1.22 EPS.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Synchrony Financial from $30.00 to $34.00 in a research report on Monday, October 5th. BidaskClub raised Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 18th. TheStreet downgraded Synchrony Financial from a “b-” rating to a “c+” rating in a research report on Monday, November 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Synchrony Financial from $31.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research raised Synchrony Financial from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, January 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Synchrony Financial presently has an average rating of “Buy” and an average target price of $32.19.

Hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL increased its holdings in shares of Synchrony Financial by 12.1% during the 2nd quarter. Blair William & Co. IL now owns 11,643 shares of the financial services provider’s stock worth $258,000 after buying an additional 1,256 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Synchrony Financial by 38.1% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 36,425 shares of the financial services provider’s stock valued at $807,000 after purchasing an additional 10,054 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Synchrony Financial in the 2nd quarter valued at approximately $990,000. TD Asset Management Inc. increased its holdings in Synchrony Financial by 11.0% in the 2nd quarter. TD Asset Management Inc. now owns 183,050 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 18,103 shares during the last quarter. Finally, FMR LLC increased its holdings in Synchrony Financial by 18.5% in the 2nd quarter. FMR LLC now owns 41,546,793 shares of the financial services provider’s stock valued at $920,677,000 after purchasing an additional 6,490,181 shares during the last quarter. Institutional investors own 91.75% of the company’s stock.

Synchrony Financial stock traded down $0.13 during mid-day trading on Tuesday, reaching $36.58. 4,614,975 shares of the company were exchanged, compared to its average volume of 6,900,118. The business has a fifty day moving average of $32.75 and a 200 day moving average of $27.23. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $21.36 billion, a P/E ratio of 16.78, a PEG ratio of 2.38 and a beta of 1.64. Synchrony Financial has a 12-month low of $12.15 and a 12-month high of $37.43.

Synchrony Financial Company Profile

Synchrony Financial operates as a consumer financial services company in the United States. It delivers a range of specialized financing programs and consumer banking products to digital, retail, home, auto, travel, health, and pet industries. The company also 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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