FY2019 EPS Estimates for Synchrony Financial Decreased by Oppenheimer (NYSE:SYF)

Synchrony Financial (NYSE:SYF) – Analysts at Oppenheimer decreased their FY2019 earnings estimates for shares of Synchrony Financial in a research note issued on Wednesday, July 10th. Oppenheimer analyst D. Gabriele now forecasts that the financial services provider will post earnings of $4.29 per share for the year, down from their previous forecast of $4.35.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.12. Synchrony Financial had a net margin of 17.52% and a return on equity of 19.79%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $0.83 earnings per share.

SYF has been the topic of several other reports. Nomura increased their price objective on shares of Synchrony Financial from $35.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd. ValuEngine downgraded shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. Morgan Stanley downgraded shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $37.47.

SYF opened at $35.96 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $24.57 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. Synchrony Financial has a 52-week low of $21.77 and a 52-week high of $36.12. The firm’s fifty day moving average is $34.48.

Hedge funds have recently made changes to their positions in the business. Country Club Trust Company n.a. increased its holdings in shares of Synchrony Financial by 36.0% in the 2nd quarter. Country Club Trust Company n.a. now owns 9,795 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 2,595 shares during the period. Xact Kapitalforvaltning AB grew its position in Synchrony Financial by 4.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 146,853 shares of the financial services provider’s stock valued at $5,091,000 after buying an additional 6,172 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in Synchrony Financial by 10.9% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 45,173 shares of the financial services provider’s stock valued at $1,566,000 after buying an additional 4,426 shares during the last quarter. Moon Capital Management LLC grew its position in Synchrony Financial by 6.5% in the 2nd quarter. Moon Capital Management LLC now owns 112,800 shares of the financial services provider’s stock valued at $3,911,000 after buying an additional 6,914 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in Synchrony Financial by 47.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 21,711 shares of the financial services provider’s stock valued at $753,000 after buying an additional 6,967 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

In other Synchrony Financial news, insider Margaret M. Keane sold 125,000 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $33.82, for a total transaction of $4,227,500.00. Following the completion of the transaction, the insider now owns 648,901 shares of the company’s stock, valued at $21,945,831.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David P. Melito sold 3,204 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $34.00, for a total transaction of $108,936.00. Following the transaction, the insider now directly owns 29,476 shares of the company’s stock, valued at approximately $1,002,184. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,422 shares of company stock valued at $4,657,760. 0.32% of the stock is currently owned by insiders.

Synchrony Financial Company Profile

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 and Estimates for Synchrony Financial (NYSE:SYF)

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