Bread Financial (NYSE:BFH) Announces Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Bread Financial (NYSE:BFH) issued its earnings results on Thursday. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19), Briefing.com reports. The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $9.08 EPS.

Bread Financial Trading Up 1.7 %

BFH stock traded up $0.63 during mid-day trading on Friday, reaching $37.28. The company had a trading volume of 630,200 shares, compared to its average volume of 796,750. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $1.84 billion, a PE ratio of 2.61, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93. The firm has a 50 day moving average of $36.53 and a 200 day moving average of $33.02. Bread Financial has a 12 month low of $23.19 and a 12 month high of $41.89.

Bread Financial Dividend Announcement

The business also recently announced 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 is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.25%. Bread Financial’s dividend payout ratio is currently 5.87%.

Insiders Place Their Bets

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $35.67, for a total value of $1,605,150.00. Following the transaction, the insider now directly owns 293,092 shares in the company, valued at approximately $10,454,591.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BFH. Oppenheimer upgraded 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 research note on Friday, January 26th. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and upped their target price for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. BMO Capital Markets upped their target price on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.64.

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.