Synchrony Financial (NYSE:SYF) issued its quarterly earnings results on Friday. The financial services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07, Bloomberg Earnings reports. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period in the prior year, the firm earned $0.70 earnings per share.
Synchrony Financial (NYSE:SYF) traded up $1.17 during midday trading on Friday, hitting $38.47. The stock had a trading volume of 11,650,246 shares, compared to its average volume of 5,212,523. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $40.17. The company has a market capitalization of $30,106.31, a P/E ratio of 15.96, a P/E/G ratio of 1.47 and a beta of 1.06.
In other Synchrony Financial news, Director Olympia J. Snowe bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $33.40 per share, for a total transaction of $100,200.00. Following the completion of the transaction, the director now owns 10,608 shares of the company’s stock, valued at approximately $354,307.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,500 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the sale, the insider now owns 113,934 shares of the company’s stock, valued at approximately $3,739,313.88. The disclosure for this sale can be found here. Insiders sold 7,961 shares of company stock worth $291,008 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.
Several equities research analysts recently weighed in on the company. JMP Securities increased their target price on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Barclays set a $40.00 target price on Synchrony Financial and gave the stock a “buy” rating in a research note on Monday, October 23rd. Wedbush set a $41.00 target price on Synchrony Financial and gave the stock a “hold” rating in a research note on Monday, December 11th. Zacks Investment Research raised Synchrony Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a report on Tuesday, October 31st. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.40.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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