Oppenheimer Brokers Boost Earnings Estimates for Synchrony Financial (NYSE:SYF)

Synchrony Financial (NYSE:SYFGet Rating) – Oppenheimer increased their Q1 2023 EPS estimates for shares of Synchrony Financial in a report issued on Monday, January 23rd. Oppenheimer analyst D. Gabriele now anticipates that the financial services provider will earn $1.74 per share for the quarter, up from their previous forecast of $1.60. The consensus estimate for Synchrony Financial’s current full-year earnings is $5.02 per share. Oppenheimer also issued estimates for Synchrony Financial’s Q2 2023 earnings at $1.18 EPS and FY2023 earnings at $4.89 EPS.

A number of other analysts also recently issued reports on SYF. UBS Group began coverage on shares of Synchrony Financial in a report on Monday, November 21st. They set a “neutral” rating and a $42.00 price target on the stock. TheStreet raised shares of Synchrony Financial from a “c+” rating to a “b-” rating in a report on Tuesday, November 1st. Morgan Stanley increased their price objective on shares of Synchrony Financial from $29.00 to $31.00 and gave the company an “underweight” rating in a report on Tuesday. Credit Suisse Group decreased their price objective on shares of Synchrony Financial from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, StockNews.com downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.27.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $35.37 on Wednesday. The company’s fifty day moving average price is $34.25 and its 200 day moving average price is $33.43. Synchrony Financial has a 1 year low of $27.22 and a 1 year high of $47.05. The company has a market capitalization of $15.94 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.21 and a current ratio of 1.20.

Synchrony Financial (NYSE:SYFGet Rating) last released its quarterly earnings data on Monday, January 23rd. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.04 billion. Synchrony Financial had a net margin of 17.51% and a return on equity of 24.07%. During the same period in the prior year, the firm earned $1.48 EPS.

Institutional Investors Weigh In On Synchrony Financial

A number of institutional investors have recently made changes to their positions in the stock. Empirical Finance LLC increased its position in shares of Synchrony Financial by 5.7% during the fourth quarter. Empirical Finance LLC now owns 13,958 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 758 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $1,743,000. Xponance Inc. boosted its stake in shares of Synchrony Financial by 8.4% in the fourth quarter. Xponance Inc. now owns 59,239 shares of the financial services provider’s stock valued at $1,947,000 after purchasing an additional 4,579 shares during the period. Unison Advisors LLC boosted its stake in shares of Synchrony Financial by 0.8% in the fourth quarter. Unison Advisors LLC now owns 98,647 shares of the financial services provider’s stock valued at $3,242,000 after purchasing an additional 797 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Synchrony Financial by 7.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 21,949 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,466 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Margaret M. Keane sold 68,369 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $36.50, for a total transaction of $2,495,468.50. Following the completion of the sale, the insider now directly owns 762,786 shares in the company, valued at $27,841,689. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Margaret M. Keane sold 68,369 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $36.50, for a total transaction of $2,495,468.50. Following the completion of the sale, the insider now directly owns 762,786 shares in the company, valued at $27,841,689. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Carol Juel sold 31,303 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the sale, the insider now owns 55,929 shares of the company’s stock, valued at $2,237,160. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

About Synchrony Financial

(Get Rating)

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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Earnings History and Estimates for Synchrony Financial (NYSE:SYF)

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