Bread Financial (NYSE:BFH) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Bread Financial (NYSE:BFH) posted its quarterly earnings results on Thursday. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19), Briefing.com reports. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm posted $9.08 EPS.

Bread Financial Stock Performance

Shares of BFH traded up $0.32 during trading hours on Friday, reaching $36.97. 1,000,056 shares of the company traded hands, compared to its average volume of 728,710. The stock has a market capitalization of $1.83 billion, a P/E ratio of 4.66, a P/E/G ratio of 0.14 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 0.43. Bread Financial has a 12-month low of $23.19 and a 12-month high of $41.89. The business has a fifty day moving average price of $36.52 and a 200-day moving average price of $33.06.

Bread Financial Dividend Announcement

The business also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BFH shares. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday. Evercore ISI downgraded shares of Bread Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Oppenheimer raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday, January 26th. Finally, Barclays reduced 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. Four 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.64.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the sale, the insider now directly owns 293,092 shares of the company’s stock, valued at $10,454,591.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

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.