Synchrony Financial (NYSE:SYF) Issues Quarterly Earnings Results

Synchrony Financial (NYSE:SYF) posted its quarterly earnings results on Tuesday. The financial services provider reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.26, FiscalAI reports. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a net margin of 15.44% and a return on equity of 23.09%.

Synchrony Financial Trading Up 0.5%

Shares of Synchrony Financial stock opened at $74.02 on Tuesday. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average price of $75.88 and a 200-day moving average price of $74.60. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.86 and a beta of 1.35.

Analysts Set New Price Targets

Several analysts have recently commented on SYF shares. Morgan Stanley decreased their price objective on shares of Synchrony Financial from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. UBS Group dropped their target price on shares of Synchrony Financial from $87.00 to $81.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Royal Bank Of Canada dropped their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating for the company in a report on Wednesday, July 22nd. Wolfe Research increased their price target on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, HSBC increased their price target on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.25.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides private-label credit cards, co-branded credit cards and promotional financing programs. Its financing products are offered through retailers, manufacturers, healthcare providers and other businesses, helping consumers pay for purchases over time.

The company serves a range of industries, including digital commerce, home improvement, furniture, automotive, healthcare, jewelry, apparel, electronics and specialty retail.