Bread Financial (NYSE:BFH - Get Free Report) issued its earnings results on Thursday. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19), Briefing.com reports. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The business had revenue of $991.00 million for the quarter, compared to analysts' expectations of $998.96 million. During the same period last year, the business earned $9.08 EPS. The company's revenue for the quarter was down 23.1% on a year-over-year basis.
Bread Financial Trading Up 0.9 %
BFH stock traded up $0.33 during trading on Friday, reaching $36.98. 1,000,056 shares of the stock were exchanged, compared to its average volume of 801,585. 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 business has a 50 day moving average price of $36.53 and a 200-day moving average price of $33.02. Bread Financial has a 1 year low of $23.19 and a 1 year high of $41.89. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 2.61, a P/E/G ratio of 0.13 and a beta of 1.93.
Bread Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. Bread Financial's payout ratio is presently 5.87%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on BFH. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $36.00 price objective on shares of Bread Financial in a report on Friday, January 26th. Oppenheimer upgraded shares of Bread Financial from a "market perform" rating to an "outperform" rating and set a $52.00 target price on the stock in a research report 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 target price on the stock in a research report on Thursday, April 4th. BMO Capital Markets lifted 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, Evercore ISI lowered shares of Bread Financial from an "in-line" rating to an "underperform" rating and lifted their target price for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $36.64.
Check Out Our Latest Report on Bread Financial
Insiders Place Their Bets
In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of Bread Financial stock in a transaction dated 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 directly owns 293,092 shares of the company's stock, valued at $10,454,591.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by insiders.
About Bread Financial
(Get Free Report)
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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