Bread Financial (BFH) Set to Announce Quarterly Earnings on Thursday

Bread Financial (NYSE:BFH) is set to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.89 per share for the quarter. Persons 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 data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. The firm had revenue of $939.00 million during 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%. Bread Financial’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. 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 Price Performance

Shares of BFH stock opened at $53.13 on Thursday. The firm has a market cap of $2.63 billion, a P/E ratio of 6.69, a P/E/G ratio of 0.17 and a beta of 1.94. The firm has a fifty day moving average of $51.75 and a two-hundred day moving average of $45.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, August 9th. Bread Financial’s dividend payout ratio is presently 10.58%.

Analyst Ratings Changes

BFH has been the subject of several recent research reports. Compass Point boosted their target price on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America cut their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Barclays cut their price target on Bread Financial from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.07.

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.