Bread Financial (BFH) Scheduled to Post Earnings on Thursday

Bread Financial (NYSE:BFH) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Bread Financial to post earnings of $3.03 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $1.57. The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.36 million. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned ($2.68) earnings per share. On average, analysts expect Bread Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Bread Financial Price Performance

Shares of BFH opened at $34.22 on Tuesday. The company has a market capitalization of $1.69 billion, a P/E ratio of 2.39, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $36.60 and a 200 day moving average of $32.93. Bread Financial has a twelve month low of $23.19 and a twelve month high of $41.89.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, February 8th. Bread Financial’s dividend payout ratio (DPR) is currently 5.87%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BFH shares. Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Evercore ISI downgraded shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their price target for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Friday, January 26th. Finally, Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.55.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of Bread Financial stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $30.82, for a total transaction of $924,600.00. Following the transaction, the insider now owns 299,380 shares in the company, valued at approximately $9,226,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 105,000 shares of company stock worth $3,595,650 in the last 90 days. 0.62% of the stock is currently owned by insiders.

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.