Bread Financial (NYSE:BFH – Get Free Report) released its earnings results on Thursday. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19), Briefing.com reports. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter last year, the company posted $9.08 earnings per share. The business’s quarterly revenue was down 23.1% compared to the same quarter last year.
Bread Financial Price Performance
Shares of BFH stock traded up $0.63 during trading hours on Friday, reaching $37.28. The company’s stock had a trading volume of 630,200 shares, compared to its average volume of 796,750. The firm’s 50 day simple moving average is $36.53 and its 200-day simple moving average is $33.02. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 2.61, a PEG ratio of 0.13 and a beta of 1.93. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48.
Bread Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a yield of 2.25%. Bread Financial’s dividend payout ratio is 5.87%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Bread Financial
Insider Buying and Selling at Bread Financial
In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the sale, 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.
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.
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