Synchrony Financial (SYF) to Release Earnings on Tuesday

Synchrony Financial (NYSE:SYF) is expected to be announcing its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.89 per share and revenue of $3,831,432.10 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Synchrony Financial Stock Performance

NYSE:SYF opened at $68.73 on Tuesday. The stock has a market cap of $26.76 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock’s 50-day moving average is $66.27 and its 200-day moving average is $56.09. Synchrony Financial has a 1-year low of $35.29 and a 1-year high of $69.39.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.05%.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the transaction, the insider now owns 99,743 shares in the company, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the transaction, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SYF shares. TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their price target on Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. Compass Point increased their target price on shares of Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.45.

About Synchrony Financial

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.