Bread Financial (BFH) Scheduled to Post Earnings on Thursday

Bread Financial (NYSE:BFHGet Rating) is scheduled to release its earnings data before the market opens on Thursday, January 26th. Analysts expect Bread Financial to post earnings of ($3.67) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFHGet Rating) last issued its earnings results on Thursday, October 27th. The company reported $2.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.69. Bread Financial had a net margin of 9.43% and a return on equity of 18.52%. The company had revenue of $979.00 million for the quarter, compared to analysts’ expectations of $976.21 million. During the same quarter last year, the company posted $4.47 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts expect Bread Financial to post $4 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Bread Financial Stock Performance

BFH stock traded up $0.35 on Tuesday, hitting $40.67. The company had a trading volume of 888,467 shares, compared to its average volume of 995,691. The stock’s 50-day simple moving average is $38.52 and its 200 day simple moving average is $37.84. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.19 and a beta of 1.96. Bread Financial has a 12-month low of $28.85 and a 12-month high of $74.80. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, November 10th. Bread Financial’s dividend payout ratio is presently 11.23%.

Institutional Trading of Bread Financial

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of Bread Financial in the 3rd quarter worth about $155,419,000. BlackRock Inc. bought a new stake in shares of Bread Financial in the 3rd quarter worth about $153,464,000. State Street Corp bought a new stake in shares of Bread Financial in the 3rd quarter worth about $52,807,000. Bank of New York Mellon Corp bought a new stake in shares of Bread Financial in the 3rd quarter worth about $21,151,000. Finally, Balyasny Asset Management LLC bought a new stake in shares of Bread Financial in the 3rd quarter worth about $17,916,000. 96.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on BFH shares. Morgan Stanley dropped their price target on shares of Bread Financial from $45.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 5th. The Goldman Sachs Group lifted their target price on shares of Bread Financial from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 28th. Credit Suisse Group lifted their target price on shares of Bread Financial from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, October 28th. TheStreet upgraded shares of Bread Financial from a “d+” rating to a “c-” rating in a report on Thursday, October 27th. Finally, Stephens upgraded shares of Bread Financial from an “equal weight” rating to an “overweight” rating and set a $64.00 price target on the stock in a report on Thursday, January 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.00.

About Bread Financial

(Get Rating)

Bread Financial Holdings, Inc engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. Its products and services include credit cards, loan financing, processing, and servicing, marketing, data and analytics, and digital offerings. The company was founded in 1996 and is headquartered in Columbus, OH.

See Also

Earnings History for Bread Financial (NYSE:BFH)

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