Bread Financial (BFH) Scheduled to Post Quarterly Earnings on Thursday

Bread Financial (NYSE:BFH) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Bread Financial to post earnings of $1.89 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. On average, analysts expect Bread Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Bread Financial Stock Down 2.2 %

NYSE:BFH opened at $50.04 on Tuesday. The stock has a 50-day simple moving average of $51.86 and a 200 day simple moving average of $45.90. Bread Financial has a 52-week low of $26.08 and a 52-week high of $59.66. The company has a market cap of $2.48 billion, a PE ratio of 6.30, a PEG ratio of 0.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s dividend payout ratio (DPR) is currently 10.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Bank of America reduced their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Compass Point lifted their target price on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Jefferies Financial Group increased their price target on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Finally, Barclays lowered their price target on Bread Financial from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.07.

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.