Synchrony Financial (SYF) Expected to Announce Quarterly Earnings on Tuesday

Synchrony Financial (NYSE:SYF) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Synchrony Financial to post earnings of $1.89 per share and revenue of $3,831,432.10 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Synchrony Financial Price Performance

NYSE:SYF opened at $70.52 on Friday. Synchrony Financial has a 52 week low of $37.74 and a 52 week high of $70.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day simple moving average is $66.75 and its 200 day simple moving average is $56.75. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.83 and a beta of 1.64.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. Synchrony Financial’s dividend payout ratio is presently 13.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SYF. Truist Financial assumed coverage on Synchrony Financial in a research report on Tuesday, January 7th. They set a “hold” rating and a $72.00 price target on the stock. Royal Bank of Canada boosted their price target on Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. TD Cowen increased their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of Synchrony Financial in a report on Monday, October 14th. Finally, Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Insider Buying and Selling at Synchrony Financial

In related news, insider Curtis Howse sold 21,934 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the sale, the insider now directly owns 99,743 shares in the company, valued at $5,498,831.59. This represents a 18.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

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.