Bread Financial (BFH) Scheduled to Post Earnings on Thursday

Bread Financial (NYSE:BFH) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.03 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

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

Shares of NYSE BFH opened at $34.22 on Tuesday. The company’s fifty day moving average price is $36.60 and its 200 day moving average price is $32.93. Bread Financial has a 1 year low of $23.19 and a 1 year high of $41.89. The company has a market capitalization of $1.69 billion, a PE ratio of 2.39, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial Announces Dividend

The company also recently declared 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 2.45%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio (DPR) is presently 5.87%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays lowered 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. 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. Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a report on Friday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.55.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $30.82, for a total value of $924,600.00. Following the completion of the sale, the insider now directly owns 299,380 shares in the company, valued at $9,226,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 105,000 shares of company stock worth $3,595,650 over the last three months. 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.