Bread Financial (NYSE:BFH) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Bread Financial (NYSE:BFH) released its earnings results on Thursday. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19), Briefing.com reports. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter last year, the company posted $9.08 earnings per share. The business’s quarterly revenue was down 23.1% compared to the same quarter last year.

Bread Financial Price Performance

Shares of BFH stock traded up $0.63 during trading hours on Friday, reaching $37.28. The company’s stock had a trading volume of 630,200 shares, compared to its average volume of 796,750. The firm’s 50 day simple moving average is $36.53 and its 200-day simple moving average is $33.02. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 2.61, a PEG ratio of 0.13 and a beta of 1.93. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a yield of 2.25%. Bread Financial’s dividend payout ratio is 5.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research report on Friday, January 26th. Evercore ISI lowered Bread Financial from an “in-line” rating to an “underperform” rating and increased their price target for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price target on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, April 4th. Finally, Barclays dropped their price target on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $36.64.

Insider Buying and Selling at Bread Financial

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the sale, the insider now owns 293,092 shares of the company’s stock, valued at approximately $10,454,591.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

Bread Financial Company Profile

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.