Synchrony Financial (NYSE:SYF) Expected to Post Q4 2024 Earnings of $0.52 Per Share

Synchrony Financial (NYSE:SYF - Free Report) - Stock analysts at Seaport Res Ptn lifted their Q4 2024 EPS estimates for Synchrony Financial in a report released on Thursday, April 25th. Seaport Res Ptn analyst W. Ryan now forecasts that the financial services provider will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.50. The consensus estimate for Synchrony Financial's current full-year earnings is $5.63 per share.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.19). The company had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $4.44 billion. Synchrony Financial had a net margin of 13.49% and a return on equity of 16.01%. During the same period in the previous year, the business posted $1.35 earnings per share.

Several other equities research analysts have also issued reports on SYF. Oppenheimer restated a "market perform" rating on shares of Synchrony Financial in a report on Wednesday, March 6th. JMP Securities raised their target price on shares of Synchrony Financial from $35.00 to $42.00 and gave the stock a "market outperform" rating in a report on Friday, January 12th. Evercore ISI raised their target price on shares of Synchrony Financial from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. BMO Capital Markets lifted their price objective on shares of Synchrony Financial from $40.00 to $41.00 and gave the company a "market perform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Synchrony Financial from $42.00 to $46.00 and gave the company a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $42.72.

Synchrony Financial Price Performance

SYF traded up $0.03 during trading on Monday, hitting $44.70. 2,904,406 shares of the company traded hands, compared to its average volume of 4,494,218. Synchrony Financial has a 1 year low of $26.59 and a 1 year high of $45.46. The company has a market cap of $17.95 billion, a PE ratio of 6.41, a P/E/G ratio of 1.09 and a beta of 1.61. The stock's 50-day simple moving average is $41.67 and its two-hundred day simple moving average is $36.97. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 1.15.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, May 3rd. Synchrony Financial's dividend payout ratio is presently 14.35%.

Synchrony Financial declared that its board has authorized a share buyback program on Wednesday, April 24th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 5.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 6,179 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the sale, the insider now owns 152,604 shares of the company's stock, valued at approximately $6,534,503.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian D. Doubles sold 134,696 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total value of $5,557,556.96. Following the sale, the insider now directly owns 660,353 shares of the company's stock, valued at approximately $27,246,164.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis Howse sold 6,179 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the completion of the sale, the insider now directly owns 152,604 shares in the company, valued at $6,534,503.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,158 shares of company stock valued at $6,106,106. Insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Synchrony Financial

Several large investors have recently made changes to their positions in the company. SYSTM Wealth Solutions LLC lifted its stake in shares of Synchrony Financial by 4.2% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 10,861 shares of the financial services provider's stock valued at $468,000 after purchasing an additional 438 shares during the period. LifePro Asset Management acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $661,000. Verdence Capital Advisors LLC lifted its stake in shares of Synchrony Financial by 2.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 28,658 shares of the financial services provider's stock valued at $1,236,000 after purchasing an additional 614 shares during the period. New York State Teachers Retirement System raised its position in Synchrony Financial by 1.3% during the first quarter. New York State Teachers Retirement System now owns 500,227 shares of the financial services provider's stock worth $21,570,000 after acquiring an additional 6,475 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Synchrony Financial by 4.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 518,913 shares of the financial services provider's stock worth $22,376,000 after acquiring an additional 24,318 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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.