Synchrony Financial (NYSE:SYF) will be releasing its earnings data before the market opens on Friday, October 20th. Analysts expect Synchrony Financial to post earnings of $0.65 per share for the quarter.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. During the same quarter in the prior year, the business earned $0.58 EPS. On average, analysts expect Synchrony Financial to post $2.59 EPS for the current fiscal year and $3.20 EPS for the next fiscal year.
Synchrony Financial (NYSE:SYF) opened at 30.64 on Friday. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. The company has a market cap of $24.37 billion, a PE ratio of 11.51 and a beta of 1.01. The firm’s 50-day moving average is $30.22 and its 200 day moving average is $30.02.
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In related news, Director Paget Leonard Alves purchased 2,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was bought at an average cost of $30.85 per share, with a total value of $61,700.00. Following the completion of the acquisition, the director now owns 8,521 shares of the company’s stock, valued at approximately $262,872.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.
About Synchrony Financial
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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