EPS for Synovus Financial Corp. (SNV) Expected At $0.64

September 17, 2017 - By Nellie Frank

 EPS for Synovus Financial Corp. (SNV) Expected At $0.64

Investors wait Synovus Financial Corp. (NYSE:SNV) to report on October, 17. its quarterly earnings Wall Street analysts expect $0.64 earnings per share, up $0.12 or 23.08 % from last year’s $0.52 same quarter earnings. This translates into $77.81 million profit for SNV giving the stock a 16.80 P/E. This is assuming the current $0.64 EPS is accurate. Synovus Financial Corp.’s Wall Street analysts see 6.67 % EPS growth, taking into account the $0.60 EPS reproted in the previous quarter, The stock increased 0.66% or $0.28 on September 15, reaching $43.02. About 931,663 shares traded or 25.60% up from the average. Synovus Financial Corp. (NYSE:SNV) has risen 33.10% since September 17, 2016 and is uptrending. It has outperformed by 16.40% the S&P500.

Synovus Financial Corp. (NYSE:SNV) Ratings Coverage

Among 18 analysts covering Synovus Financial Corp. (NYSE:SNV), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 39% are positive. Synovus Financial Corp. had 34 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America to “Neutral” on Wednesday, June 29. RBC Capital Markets maintained Synovus Financial Corp. (NYSE:SNV) on Thursday, September 7 with “Buy” rating. As per Thursday, May 11, the company rating was upgraded by Bank of America. The rating was downgraded by Morgan Stanley to “Underperform” on Thursday, February 11. Hovde Group maintained the stock with “Outperform” rating in Friday, August 19 report. The stock has “Market Perform” rating by Hovde Group on Monday, January 9. On Tuesday, November 29 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. Wells Fargo initiated the stock with “Market Perform” rating in Monday, December 21 report. The company was downgraded on Tuesday, August 23 by Wells Fargo. The stock of Synovus Financial Corp. (NYSE:SNV) has “Equal-Weight” rating given on Wednesday, July 19 by Barclays Capital.

Synovus Financial Corp. is a financial services firm and a bank holding company. The company has market cap of $5.23 billion. The Firm provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its clients through locally branded banking divisions of its subsidiary bank, Synovus Bank , and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. It has a 19.53 P/E ratio. The Bank offers commercial banking services and retail banking services.

Another recent and important Synovus Financial Corp. (NYSE:SNV) news was published by Businesswire.com which published an article titled: “Synovus Announces Additions to Board of Directors” on August 22, 2017.

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