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

Bread Financial (NYSE:BFH) issued its quarterly earnings data 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. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same quarter last year, the company earned $9.08 EPS. Bread Financial’s revenue for the quarter was down 23.1% on a year-over-year basis.

Bread Financial Price Performance

Shares of BFH stock traded up $0.32 on Friday, reaching $36.97. The company’s stock had a trading volume of 1,000,056 shares, compared to its average volume of 728,710. The stock’s fifty day simple moving average is $36.52 and its 200-day simple moving average is $33.07. Bread Financial has a 1 year low of $23.19 and a 1 year high of $41.89. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 4.66, a price-to-earnings-growth ratio of 0.14 and a beta of 1.93.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be issued a $0.21 dividend. 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price objective on shares of Bread Financial in a research note on Friday, January 26th. 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 research note on Thursday, April 4th. BMO Capital Markets raised their target price 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. Barclays decreased their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Finally, Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average target price of $36.64.

Insider Activity at Bread Financial

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 293,092 shares in the company, valued at $10,454,591.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.