Bread Financial (BFH) Set to Announce Earnings on Thursday

Bread Financial (NYSE:BFH) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.03 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $1.57. The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $984.36 million. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. Bread Financial’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.68) EPS. On average, analysts expect Bread Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Bread Financial Stock Performance

Bread Financial stock opened at $35.85 on Wednesday. The firm’s 50 day simple moving average is $36.58 and its 200 day simple moving average is $32.97. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.77 billion, a PE ratio of 2.50, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93. Bread Financial has a 1-year low of $23.19 and a 1-year high of $41.89.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio (DPR) is presently 5.87%.

Insider Activity at Bread Financial

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the transaction, the insider now owns 293,092 shares of the company’s stock, valued at approximately $10,454,591.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BFH. Evercore ISI lowered shares of Bread Financial from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $29.00 to $33.00 in a report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. BMO Capital Markets decreased their price target on shares of Bread Financial from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Monday, January 29th. Barclays decreased their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Finally, Oppenheimer raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.55.

About Bread Financial

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.