Bread Financial (NYSE:BFH) Posts Earnings Results, Misses Expectations By $0.03 EPS

Bread Financial (NYSE:BFH) released its quarterly earnings data on Thursday. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03), Briefing.com reports. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.46 earnings per share.

Bread Financial Stock Performance

NYSE BFH traded down $0.68 during trading hours on Friday, hitting $49.38. The company had a trading volume of 741,928 shares, compared to its average volume of 856,439. The business has a 50 day moving average of $51.66 and a 200-day moving average of $46.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66. The company has a market cap of $2.45 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BFH shares. Royal Bank of Canada increased their price target on Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Evercore ISI dropped their price objective on Bread Financial from $59.00 to $52.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. TD Cowen increased their target price on Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group boosted their price target on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.00.

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.