Bread Financial (BFH) Scheduled to Post Earnings on Thursday

Bread Financial (NYSE:BFH) will be releasing 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of ($0.67) by $1.57. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $984.36 million. During the same period last year, the company posted ($2.68) earnings per share. Bread Financial’s quarterly revenue was down 3.2% on a year-over-year basis. On average, analysts expect Bread Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $32.23 on Thursday. The firm has a fifty day simple moving average of $36.77 and a two-hundred day simple moving average of $32.88. 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 stock has a market capitalization of $1.59 billion, a P/E ratio of 2.25, a PEG ratio of 0.12 and a beta of 1.93. Bread Financial has a 52 week low of $23.19 and a 52 week high of $41.89.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio (DPR) is 5.87%.

Analysts Set New Price Targets

BFH has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Bread Financial from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Monday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 target price on shares of Bread Financial in a research note on Friday, January 26th. Oppenheimer raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research note on Friday, January 26th. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Finally, Barclays lowered their price objective on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.55.

Insider Transactions at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of Bread Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $35.67, for a total value of $1,605,150.00. Following the transaction, the insider now owns 293,092 shares in the company, valued at $10,454,591.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 165,000 shares of company stock valued at $5,417,850. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Bread Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BFH. Tower Research Capital LLC TRC increased its position in Bread Financial by 218.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,707 shares of the company’s stock valued at $221,000 after buying an additional 4,598 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Bread Financial during the second quarter valued at about $215,000. CIBC Asset Management Inc purchased a new position in shares of Bread Financial in the 4th quarter valued at approximately $211,000. HighTower Advisors LLC purchased a new stake in Bread Financial during the 3rd quarter worth approximately $209,000. Finally, Brevan Howard Capital Management LP grew its position in Bread Financial by 115.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 6,194 shares of the company’s stock worth $204,000 after purchasing an additional 46,194 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.