Bread Financial (NYSE:BFH) Announces Earnings Results, Beats Expectations By $0.07 EPS

Bread Financial (NYSE:BFH) posted its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07, Zacks reports. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%.

Bread Financial Stock Performance

BFH opened at $63.57 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 10.12 and a beta of 1.94. The company has a fifty day moving average of $61.69 and a 200 day moving average of $55.49. Bread Financial has a fifty-two week low of $32.10 and a fifty-two week high of $66.71.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. Bread Financial’s dividend payout ratio (DPR) is presently 13.38%.

Analysts Set New Price Targets

Several research firms have recently commented on BFH. Barclays increased their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday. Evercore ISI increased their price target on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Compass Point upped their price objective on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Two investment 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. According to MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and an average price target of $58.92.

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.