News stories about Synchrony Financial (NYSE:SYF) have been trending somewhat positive on Tuesday, Alpha One Sentiment reports. The research group, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synchrony Financial earned a media sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave media coverage about the financial services provider an impact score of 35 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected AlphaOne Sentiment’s rankings:
Shares of Synchrony Financial (NYSE:SYF) traded down 0.99% on Tuesday, hitting $27.10. The stock had a trading volume of 9,631,400 shares. The stock has a 50 day moving average price of $29.76 and a 200-day moving average price of $33.99. Synchrony Financial has a 12-month low of $23.25 and a 12-month high of $38.06. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 10.34 and a beta of 1.06.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.13. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.54 billion. Synchrony Financial had a net margin of 15.15% and a return on equity of 16.34%. During the same period last year, the firm posted $0.70 EPS. On average, equities analysts expect that Synchrony Financial will post $2.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 8th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, May 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.92%. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.19%.
Several equities analysts have recently weighed in on SYF shares. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Synchrony Financial in a research report on Sunday, April 30th. BTIG Research reissued a “buy” rating and set a $36.00 target price on shares of Synchrony Financial in a research report on Wednesday, May 24th. Vetr downgraded Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $41.65 target price on the stock. in a research report on Tuesday, February 14th. Zacks Investment Research downgraded Synchrony Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 4th. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $35.00 price objective (down previously from $41.00) on shares of Synchrony Financial in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.71.
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In other Synchrony Financial news, Director Will W. Graylin purchased 18,000 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were purchased at an average price of $27.80 per share, for a total transaction of $500,400.00. Following the completion of the transaction, the director now owns 55,389 shares in the company, valued at approximately $1,539,814.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David P. Melito sold 748 shares of Synchrony Financial stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $34.24, for a total transaction of $25,611.52. Following the completion of the transaction, the insider now owns 43,390 shares in the company, valued at approximately $1,485,673.60. The disclosure for this sale can be found here. 0.02% of the stock is owned by company insiders.
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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