Seaport Res Ptn Has Bullish Forecast for SYF FY2025 Earnings

Key Points

• Analysts at Seaport Res Ptn have raised their FY2025 earnings per share estimate for Synchrony Financial from $7.50 to $8.35, indicating increased confidence in the company's financial performance.
• Synchrony Financial reported EPS of $2.50 for the last quarter, significantly beating analysts' expectations of $1.72, despite a slight 1.8% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.30, payable on August 15th, representing an annualized yield of 1.65%.

Synchrony Financial (NYSE:SYF - Free Report) - Seaport Res Ptn raised their FY2025 EPS estimates for Synchrony Financial in a report issued on Wednesday, July 23rd. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings per share of $8.35 for the year, up from their prior forecast of $7.50. The consensus estimate for Synchrony Financial's current full-year earnings is $7.67 per share.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.78. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. Synchrony Financial's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share.

Other equities analysts also recently issued research reports about the stock. Cfra Research raised shares of Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. JMP Securities raised their target price on shares of Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, July 17th. Evercore ISI cut their target price on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Barclays cut their target price on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average price target of $74.17.

Synchrony Financial Trading Down 0.1%

Shares of SYF stock traded down $0.10 during mid-day trading on Friday, reaching $72.80. The company's stock had a trading volume of 704,686 shares, compared to its average volume of 4,140,104. The company's 50 day simple moving average is $64.24 and its 200-day simple moving average is $59.96. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $73.42. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $27.09 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.46.

Institutional Trading of Synchrony Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT bought a new stake in shares of Synchrony Financial during the 1st quarter worth about $30,000. Geneos Wealth Management Inc. raised its position in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after buying an additional 455 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth about $38,000. MAI Capital Management raised its position in shares of Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after buying an additional 167 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter worth about $43,000. 96.48% of the stock is currently owned by institutional investors.

Insider Activity

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the sale, the insider directly owned 146,628 shares in the company, valued at approximately $8,807,943.96. The trade was a 21.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis Howse sold 11,380 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the sale, the insider owned 108,062 shares in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.20 annualized dividend and a yield of 1.65%. Synchrony Financial's dividend payout ratio is presently 14.56%.

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.