Bread Financial (NYSE:BFH) Posts Earnings Results, Misses Expectations By $0.03 EPS

Bread Financial (NYSE:BFH) announced its earnings results on Thursday. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03), Briefing.com reports. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same period in the previous year, the company posted $3.46 earnings per share. Bread Financial’s revenue for the quarter was down 4.7% on a year-over-year basis.

Bread Financial Stock Up 0.7 %

Shares of NYSE BFH traded up $0.35 during mid-day trading on Friday, reaching $50.41. 22,336 shares of the company’s stock traded hands, compared to its average volume of 852,963. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day simple moving average of $51.75 and a 200 day simple moving average of $46.07. The stock has a market cap of $2.50 billion, a P/E ratio of 6.30, a PEG ratio of 0.17 and a beta of 1.94. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analyst Ratings Changes

BFH has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. TD Cowen lifted their target price on Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Jefferies Financial Group raised their price target on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Finally, Bank of America reduced their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial has a consensus rating of “Hold” and a consensus price target of $50.07.

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.