Bread Financial (NYSE:BFH) Announces Earnings Results

Bread Financial (NYSE:BFH) issued its quarterly earnings results on Thursday. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06, Briefing.com reports. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. During the same period in the prior year, the firm earned $1.27 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.

Bread Financial Price Performance

BFH stock opened at $55.00 on Friday. The company has a market capitalization of $2.73 billion, a P/E ratio of 6.93, a PEG ratio of 0.23 and a beta of 1.98. Bread Financial has a twelve month low of $26.08 and a twelve month high of $55.08. The business has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $39.16. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.41.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s payout ratio is currently 10.58%.

Analyst Ratings Changes

A number of research firms recently weighed in on BFH. Argus lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, April 4th. BTIG Research began coverage on shares of Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Royal Bank of Canada upped their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Compass Point upped their target price on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial has a consensus rating of “Hold” and a consensus target price 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.