Synchrony Financial (NYSE:SYF) to Post Q2 2020 Earnings of $0.45 Per Share, Jefferies Financial Group Forecasts

Synchrony Financial (NYSE:SYF) – Stock analysts at Jefferies Financial Group raised their Q2 2020 EPS estimates for shares of Synchrony Financial in a research note issued to investors on Wednesday, July 8th. Jefferies Financial Group analyst J. Hecht now anticipates that the financial services provider will earn $0.45 per share for the quarter, up from their prior estimate of ($0.19). Jefferies Financial Group also issued estimates for Synchrony Financial’s Q3 2020 earnings at $1.04 EPS, Q4 2020 earnings at ($0.03) EPS, FY2020 earnings at $2.04 EPS, Q1 2021 earnings at $0.38 EPS, Q3 2021 earnings at $1.00 EPS and Q4 2021 earnings at $0.32 EPS.

Other research analysts have also recently issued research reports about the company. Nomura Securities dropped their price target on Synchrony Financial from $34.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Morgan Stanley boosted their target price on shares of Synchrony Financial from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Royal Bank of Canada reissued a “buy” rating and set a $20.00 target price on shares of Synchrony Financial in a research note on Wednesday, April 22nd. BMO Capital Markets cut their target price on shares of Synchrony Financial from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $22.00 price target on shares of Synchrony Financial in a research note on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.09.

Shares of NYSE SYF opened at $22.45 on Monday. The company has a market cap of $13.24 billion, a PE ratio of 5.06, a P/E/G ratio of 3.15 and a beta of 1.67. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.54. Synchrony Financial has a 12-month low of $12.15 and a 12-month high of $38.18. The stock has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $24.74.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.64. Synchrony Financial had a return on equity of 18.25% and a net margin of 15.58%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $1.00 earnings per share.

A number of large investors have recently modified their holdings of SYF. Captrust Financial Advisors boosted its holdings in Synchrony Financial by 2,112.7% during the fourth quarter. Captrust Financial Advisors now owns 18,653 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 17,810 shares during the period. State of Alaska Department of Revenue boosted its holdings in Synchrony Financial by 45.3% during the second quarter. State of Alaska Department of Revenue now owns 267,642 shares of the financial services provider’s stock valued at $5,929,000 after acquiring an additional 83,468 shares during the period. Franklin Resources Inc. boosted its holdings in Synchrony Financial by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 422,968 shares of the financial services provider’s stock valued at $15,231,000 after acquiring an additional 38,341 shares during the period. 1832 Asset Management L.P. bought a new stake in Synchrony Financial during the fourth quarter valued at about $490,000. Finally, Forsta AP Fonden bought a new stake in Synchrony Financial during the first quarter valued at about $870,000. Hedge funds and other institutional investors own 87.85% of the company’s stock.

In other Synchrony Financial news, Director Laurel Richie acquired 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was purchased at an average cost of $16.20 per share, for a total transaction of $25,920.00. Following the completion of the acquisition, the director now owns 22,911 shares of the company’s stock, valued at approximately $371,158.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Will W. Graylin sold 7,500 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $21.77, for a total transaction of $163,275.00. Following the completion of the sale, the director now owns 58,942 shares of the company’s stock, valued at $1,283,167.34. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Synchrony Financial Company Profile

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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