Bread Financial (NYSE:BFH – Get Free Report) posted its earnings results on Thursday. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19), Briefing.com reports. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm 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 EPS. The firm’s revenue was down 23.1% on a year-over-year basis.
Bread Financial Stock Performance
Shares of NYSE BFH traded up $0.32 during midday trading on Friday, hitting $36.97. 1,000,056 shares of the stock traded hands, compared to its average volume of 728,710. The firm has a 50-day moving average of $36.52 and a two-hundred day moving average of $33.06. The firm has a market capitalization of $1.83 billion, a P/E ratio of 4.66, a PEG ratio of 0.14 and a beta of 1.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial has a one year low of $23.19 and a one year high of $41.89.
Bread Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. Bread Financial’s payout ratio is 10.58%.
Insider Activity
Analyst Ratings Changes
A number of brokerages have recently commented on BFH. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, April 4th. 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. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. boosted their price target on Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.64.
Check Out Our Latest Research Report on BFH
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.
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