Bread Financial (BFH) Set to Announce Earnings on Thursday

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

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of ($0.67) by $1.57. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $984.36 million. During the same period in the prior year, the firm earned ($2.68) EPS. The business’s revenue was down 3.2% on a year-over-year basis. 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 Up 4.8 %

Shares of BFH opened at $35.85 on Wednesday. Bread Financial has a 12 month low of $23.19 and a 12 month high of $41.89. The firm’s 50 day moving average is $36.58 and its 200-day moving average is $32.97. The stock has a market capitalization of $1.77 billion, a PE ratio of 2.50, a P/E/G ratio of 0.13 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48.

Bread Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BFH shares. Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $29.00 to $33.00 in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. BMO Capital Markets decreased their price objective on shares of Bread Financial from $33.00 to $32.00 and set a “market perform” rating on the stock in a research note on Monday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price objective on shares of Bread Financial in a research note on Friday, January 26th. Finally, Barclays decreased their price objective on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.55.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $35.53, for a total value of $1,065,900.00. Following the sale, the insider now owns 295,787 shares in the company, valued at $10,509,312.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

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.