Synchrony Financial (NYSE:SYF) Issues Quarterly Earnings Results

Synchrony Financial (NYSE:SYF - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.26, Zacks reports. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. Synchrony Financial updated its FY 2025 guidance to EPS.

Synchrony Financial Stock Down 1.0 %

SYF stock traded down $0.50 during mid-day trading on Friday, hitting $51.42. 5,001,803 shares of the company were exchanged, compared to its average volume of 3,952,245. The firm has a fifty day simple moving average of $52.76 and a 200 day simple moving average of $60.29. The company has a market capitalization of $19.99 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. Synchrony Financial has a twelve month low of $40.55 and a twelve month high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.30 dividend. The ex-dividend date is Monday, May 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.33%. Synchrony Financial's dividend payout ratio is currently 11.71%.

Analysts Set New Price Targets

SYF has been the subject of several analyst reports. Evercore ISI dropped their target price on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research note on Wednesday. Truist Financial dropped their price objective on shares of Synchrony Financial from $65.00 to $57.00 and set a "hold" rating for the company in a research note on Friday. Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Compass Point lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target for the company. in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of "Moderate Buy" and an average price target of $63.95.

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.