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

Bread Financial (NYSE:BFH) announced its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07, Zacks reports. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%.

Bread Financial Price Performance

Shares of NYSE:BFH traded up $0.43 during trading on Thursday, reaching $64.08. The company had a trading volume of 227,235 shares, compared to its average volume of 538,461. The firm’s fifty day moving average is $61.69 and its 200 day moving average is $55.49. 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 firm has a market capitalization of $3.19 billion, a PE ratio of 10.24 and a beta of 1.94. Bread Financial has a twelve month low of $32.10 and a twelve month high of $66.71.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.31%. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI upped their price objective on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Barclays reduced their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. TD Cowen boosted their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Bread Financial currently has an average rating of “Hold” and an average price target of $57.46.

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.