Economy

Earnings Approximations to Watch: Expedia, Inc. (EXPE), Synchrony Financial (SYF)

Synchrony Financial on 6/29/2017 reported its EPS as $0.73 with the analysts projecting the EPS of the stock as $0.67. The stock now has a consensus rating of "Buy" and a consensus target price of $37.42. After the latest session, which saw the stock close at a price of $29.15, SYF sits -23.41% below its 52-week high. The company beat the analyst EPS Estimate with the difference of $0.06. The 2017 outlook appears to contain constructive conservatism and appears consistent with our forecast. Synchrony Financial has a 1-year low of $26.01 and a 1-year high of $38.06. "Finally, the 4Q16 efficiency ratio of 31.6% was better than our 32.5% estimate and 230bps lower YoY".

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Busey Trust CO now owns 207,847 shares of the financial services provider's stock valued at $7,129,000 after purchasing an additional 9,612 shares in the last quarter.

More notable recent Synchrony Financial (NYSE:SYF) news were published by: Nasdaq.com which released: "Warren Buffett Buys Bank of New York Mellon Corp, Synchrony Financial, STORE ..." on September 08, 2017, also Nasdaq.com with their article: "Seth Klarman Buys Synchrony Financial, Antero Resources Corp, Qorvo Inc, Sells ..." published on August 12, 2017, Usatoday.com published: "Warren Buffett's Berkshire Hathaway builds stake in Synchrony Financial, trims ..." on August 14, 2017. Synchrony Financial had 47 analyst reports since July 20, 2015 according to SRatingsIntel. BTIG Research maintained Synchrony Financial (NYSE:SYF) rating on Monday, July 17. The rating was initiated by Buckingham Research with "Buy" on Wednesday, August 26.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. On Tuesday, August 22 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". Net profit margin of Synchrony Financial (SYF) was recorded at 13.9 percent, operating profit margin was 61.7 percent, while gross profit margin stands at 0 percent. As per Monday, October 19, the company rating was maintained by BMO Capital Markets.

Investors and Traders continue to monitor technical levels of shares of Synchrony Financial (SYF).

Synchrony Financial has a 50 day moving average of 30.20 and a 200 day moving average of 30.93.

Shares of Synchrony Financial (NYSE:SYF) opened at 29.15 on Tuesday. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.67 by $0.03. It has a return on equity (ROE) of 15.30%. During the same period previous year, the firm posted $0.58 earnings per share. The stock has "Neutral" rating by Goldman Sachs on Thursday, September 8.

In related news, Director Paget Leonard Alves acquired 2,000 shares of the business's stock in a transaction dated Monday, July 24th. Currently, 809.54 million total shares are owned by the public and among those 794.76 million shares have been available to trade. The stock had a trading volume of 1,198,123 shares. Insiders have sold 11,551 shares of company stock valued at $389,309 over the last 90 days. Daiwa Securities Group Inc. now owns 19,900 shares of the company's stock valued at $503,000 after buying an additional 700 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Synchrony Financial by 4.2% in the 1st quarter. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued. The stock decreased 1.72% or $0.5 on September 8, reaching $28.55. The institutional investor owned 136,515 shares of the financial services provider's stock after buying an additional 10,550 shares during the period. State of Alaska Department of Revenue purchased a new stake in Synchrony Financial during the first quarter valued at approximately $152,000. With an institutional ownership near 95.1%, it carries an earnings per share ratio of 1.56. The Firm 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.



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