Synchrony Financial (NYSE:SYF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Synchrony Financial (NYSE:SYF) issued its quarterly earnings data on Friday. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01, Briefing.com reports. Synchrony Financial had a return on equity of 19.79% and a net margin of 17.52%. During the same quarter in the previous year, the business posted $0.92 EPS.

NYSE:SYF opened at $35.05 on Friday. The firm’s fifty day moving average is $34.65. Synchrony Financial has a fifty-two week low of $21.77 and a fifty-two week high of $36.24. The stock has a market cap of $24.88 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 1.27, a current ratio of 1.39 and a debt-to-equity ratio of 1.49.

In related news, insider Margaret M. Keane sold 125,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $33.82, for a total transaction of $4,227,500.00. Following the sale, the insider now owns 648,901 shares in the company, valued at approximately $21,945,831.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David P. Melito sold 3,204 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $34.00, for a total value of $108,936.00. Following the sale, the insider now owns 29,476 shares in the company, valued at approximately $1,002,184. The disclosure for this sale can be found here. Insiders have sold a total of 137,422 shares of company stock worth $4,657,760 in the last 90 days. 0.32% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Boston Advisors LLC increased its stake in Synchrony Financial by 2.4% in the first quarter. Boston Advisors LLC now owns 13,954 shares of the financial services provider’s stock worth $445,000 after purchasing an additional 325 shares during the period. FDx Advisors Inc. increased its stake in Synchrony Financial by 4.5% in the second quarter. FDx Advisors Inc. now owns 7,503 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 325 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Synchrony Financial by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 69,766 shares of the financial services provider’s stock worth $2,419,000 after purchasing an additional 406 shares during the period. Global Retirement Partners LLC increased its stake in Synchrony Financial by 21.4% in the first quarter. Global Retirement Partners LLC now owns 2,967 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 524 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Synchrony Financial by 40.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,016 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 579 shares during the period. Institutional investors own 84.90% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. BTIG Research upped their price objective on Stryker to $219.00 and gave the stock a “positive” rating in a report on Monday, July 15th. Nomura upped their price objective on Synchrony Financial from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. ValuEngine cut Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Finally, Morgan Stanley cut Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a report on Monday, April 22nd. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $37.47.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Earnings History for Synchrony Financial (NYSE:SYF)

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