Synchrony Financial (SYF) Projected to Post 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 participating in the company’s conference call can do so using this link.

Synchrony Financial Stock Performance

NYSE SYF opened at $70.52 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $66.75 and its 200-day simple moving average is $56.81. The company has a market cap of $27.46 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.64. Synchrony Financial has a 1-year low of $37.74 and a 1-year high of $70.93.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. Synchrony Financial’s payout ratio is currently 13.05%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SYF. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their price target on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Truist Financial assumed coverage on Synchrony Financial in a research note on Tuesday, January 7th. They issued a “hold” rating and a $72.00 target price for the company. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.30.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis Howse sold 21,934 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

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.