Bread Financial (NYSE:BFH) Issues Quarterly Earnings Results

Bread Financial (NYSE:BFH) announced its earnings results 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 for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.46 EPS.

Bread Financial Price Performance

Shares of BFH opened at $49.38 on Friday. The firm has a fifty day simple moving average of $51.66 and a two-hundred day simple moving average of $46.23. The firm has a market cap of $2.45 billion, a PE ratio of 6.22, a P/E/G ratio of 0.17 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial’s dividend payout ratio is currently 10.58%.

Analyst Ratings Changes

Several equities research analysts recently commented on BFH shares. TD Cowen boosted their price objective on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Jefferies Financial Group raised their price objective on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Bank of America dropped their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus 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.