Synchrony Financial (NYSE:SYF) – Equities research analysts at Oppenheimer lowered their Q4 2017 earnings per share (EPS) estimates for Synchrony Financial in a research note issued to investors on Tuesday. Oppenheimer analyst B. Chittenden now anticipates that the financial services provider will post earnings of $0.66 per share for the quarter, down from their prior forecast of $0.68. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Synchrony Financial’s Q4 2018 earnings at $0.95 EPS.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. During the same period last year, the business posted $0.73 earnings per share.
Shares of Synchrony Financial (NYSE SYF) opened at $39.40 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $30,830.00, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 1.64 and a beta of 1.06. Synchrony Financial has a one year low of $26.01 and a one year high of $39.86.
Large investors have recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc. purchased a new position in Synchrony Financial in the 2nd quarter worth about $520,747,000. Janus Henderson Group PLC increased its stake in Synchrony Financial by 1,820.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after purchasing an additional 10,365,219 shares in the last quarter. FMR LLC increased its stake in Synchrony Financial by 27.1% in the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after purchasing an additional 7,874,689 shares in the last quarter. Capital World Investors purchased a new position in Synchrony Financial in the 2nd quarter worth about $202,269,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Synchrony Financial by 2,777.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,109,742 shares of the financial services provider’s stock worth $128,144,000 after purchasing an additional 3,966,900 shares in the last quarter. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider David P. Melito sold 1,881 shares of Synchrony Financial stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $38.00, for a total transaction of $71,478.00. Following the transaction, the insider now directly owns 43,140 shares of the company’s stock, valued at $1,639,320. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David P. Melito sold 2,580 shares of Synchrony Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total value of $90,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,961 shares of company stock worth $244,508. 0.03% of the stock is owned by corporate insiders.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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