Bread Financial (BFH) to Release Quarterly Earnings on Thursday

Bread Financial (NYSE:BFH) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect Bread Financial to post earnings of $0.35 per share and revenue of $960,240.90 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same quarter last year, the business earned $3.46 EPS. Bread Financial’s revenue was down 4.7% on a year-over-year basis. On average, analysts expect Bread Financial to post $8 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bread Financial Trading Up 2.0 %

BFH opened at $65.01 on Thursday. The company has a 50-day simple moving average of $60.88 and a 200 day simple moving average of $54.80. Bread Financial has a twelve month low of $28.00 and a twelve month high of $66.71. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.35 and a beta of 1.94.

Analyst Upgrades and Downgrades

Several brokerages have commented on BFH. TD Cowen boosted their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Evercore ISI lifted their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Compass Point upped their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods raised their target price on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $57.07.

Insiders Place Their Bets

In other news, Director John J. Fawcett bought 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now directly owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% 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.