Bread Financial (NYSE:BFH) Issues Earnings Results

Bread Financial (NYSE:BFH) announced its earnings results on Thursday. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07, Zacks reports. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%.

Bread Financial Stock Up 0.9 %

Shares of NYSE BFH traded up $0.58 during midday trading on Thursday, reaching $64.23. 205,927 shares of the company’s stock traded hands, compared to its average volume of 537,117. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 10.19 and a beta of 1.94. The stock’s 50 day simple moving average is $61.69 and its 200-day simple moving average is $55.49. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a one year low of $32.10 and a one year high of $66.71.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.31%. Bread Financial’s dividend payout ratio is currently 13.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BFH. Evercore ISI raised their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $57.46.

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.