Bread Financial (NYSE:BFH) Issues Quarterly Earnings Results, Beats Estimates By $1.06 EPS

Bread Financial (NYSE:BFH) announced its earnings results on Thursday. The company reported $2.66 EPS for the quarter, topping the consensus estimate 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 business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis.

Bread Financial Stock Performance

NYSE:BFH traded up $2.69 during mid-day trading on Friday, reaching $55.01. 1,346,693 shares of the company’s stock were exchanged, compared to its average volume of 794,791. Bread Financial has a one year low of $26.08 and a one year high of $55.08. The firm has a market capitalization of $2.73 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.21 and a beta of 1.98. The business’s fifty day simple moving average is $44.13 and its two-hundred day simple moving average is $38.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial Announces Dividend

The firm 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, August 9th. Bread Financial’s dividend payout ratio is 10.58%.

Analyst Ratings Changes

BFH has been the subject of several recent research reports. Royal Bank of Canada increased their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Compass Point increased their price target on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. Barclays increased their price target on shares of Bread Financial from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday. Finally, TD Cowen increased their price target on shares of Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.