Synchrony Financial (NYSE:SYF) Issues Quarterly Earnings Results

Synchrony Financial (NYSE:SYF - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.19), Briefing.com reports. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share.

Synchrony Financial Trading Down 0.8 %

Shares of SYF traded down $0.36 during mid-day trading on Thursday, reaching $44.66. The company's stock had a trading volume of 4,711,195 shares, compared to its average volume of 4,524,034. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. The stock has a market cap of $18.17 billion, a PE ratio of 8.51, a P/E/G ratio of 1.06 and a beta of 1.61. The company's fifty day moving average price is $41.47 and its two-hundred day moving average price is $36.70. Synchrony Financial has a 52 week low of $26.59 and a 52 week high of $45.33.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. Synchrony Financial's dividend payout ratio (DPR) is presently 19.31%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the sale, the insider now owns 14,183 shares in the company, valued at $552,995.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider David P. Melito sold 7,283 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the sale, the insider now owns 14,183 shares of the company's stock, valued at $552,995.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian D. Doubles sold 134,696 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the transaction, the insider now directly owns 660,353 shares in the company, valued at $27,246,164.78. The disclosure for this sale can be found here. Insiders sold a total of 148,158 shares of company stock worth $6,106,106 over the last three months. Company insiders own 0.65% of the company's stock.

Analysts Set New Price Targets

SYF has been the topic of several recent analyst reports. StockNews.com cut Synchrony Financial from a "buy" rating to a "hold" rating in a report on Wednesday, April 17th. Piper Sandler raised their price objective on shares of Synchrony Financial from $46.00 to $48.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. Morgan Stanley reaffirmed an "underweight" rating and issued a $30.00 target price on shares of Synchrony Financial in a research note on Thursday, February 8th. JMP Securities raised their price target on shares of Synchrony Financial from $35.00 to $42.00 and gave the stock a "market outperform" rating in a research note on Friday, January 12th. Finally, Oppenheimer restated a "market perform" rating on shares of Synchrony Financial in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $42.72.

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.