Bread Financial (NYSE:BFH) Issues Quarterly Earnings Results

Bread Financial (NYSE:BFH) released its earnings results on Thursday. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06, Briefing.com reports. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. During the same period in the prior year, the company posted $1.27 EPS. The company’s revenue was down 1.4% compared to the same quarter last year.

Bread Financial Stock Up 5.1 %

Shares of NYSE:BFH traded up $2.69 during trading on Friday, hitting $55.01. 1,346,693 shares of the company were exchanged, compared to its average volume of 794,791. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $55.08. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.21 and a beta of 1.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $44.13 and a two-hundred day moving average price of $38.97.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.53%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analyst Ratings Changes

Several equities analysts recently weighed in on BFH shares. Royal Bank of Canada increased their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday. TD Cowen lifted their price objective on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, April 4th. Barclays lifted their price target on shares of Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Argus downgraded Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.47.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.