Synchrony Financial (SYF) Expected to Announce Quarterly Earnings on Tuesday

Synchrony Financial (NYSE:SYF) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.66 per share and revenue of $3.80 billion for the quarter. Synchrony Financial has set its FY 2025 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. On average, analysts expect Synchrony Financial to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Synchrony Financial Trading Up 2.4 %

Synchrony Financial stock opened at $47.86 on Friday. Synchrony Financial has a one year low of $40.55 and a one year high of $70.93. The business’s fifty day moving average is $54.25 and its 200 day moving average is $60.34. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $18.61 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

SYF has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on shares of Synchrony Financial from $76.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Truist Financial reduced their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, March 21st. StockNews.com cut Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Royal Bank of Canada upped their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.11.

Synchrony Financial Company Profile

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.