Bread Financial (NYSE:BFH) Releases Earnings Results, Beats Estimates By $1.06 EPS

Bread Financial (NYSE:BFH) posted its quarterly earnings data on Thursday. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.60 by $1.06, Briefing.com reports. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. Bread Financial’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 earnings per share.

Bread Financial Stock Up 5.1 %

Shares of BFH stock traded up $2.68 on Friday, hitting $55.00. The stock had a trading volume of 1,346,750 shares, compared to its average volume of 712,564. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $44.40 and a 200 day moving average price of $39.12. The company has a market cap of $2.73 billion, a PE ratio of 6.93, a P/E/G ratio of 0.22 and a beta of 1.98. Bread Financial has a one year low of $26.08 and a one year high of $55.08.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.53%. Bread Financial’s payout ratio is currently 10.58%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, April 4th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and lifted their price objective for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Jefferies Financial Group lifted their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Finally, BTIG Research assumed coverage on shares of Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Bread Financial presently has a consensus rating of “Hold” and an average target price of $45.47.

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.