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

Bread Financial (NYSE:BFH) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $960,240.90 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results 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 business had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same quarter in the prior year, the business earned $3.46 EPS. The firm’s revenue for the quarter 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 Stock Performance

Shares of NYSE:BFH opened at $65.01 on Thursday. The business’s fifty day moving average price is $60.88 and its two-hundred day moving average price is $54.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a fifty-two week low of $28.00 and a fifty-two week high of $66.71. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.35 and a beta of 1.94.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction that occurred on Monday, October 28th. The stock was acquired 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 owns 6,473 shares of the company’s stock, valued at $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 the SEC website. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Evercore ISI increased their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. TD Cowen lifted their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.07.

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.