Bread Financial (NYSE:BFH) Releases Earnings Results, Beats Expectations By $0.07 EPS

Bread Financial (NYSE:BFH) announced its quarterly earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07, Zacks reports. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%.

Bread Financial Stock Up 0.7 %

Shares of NYSE BFH traded up $0.43 on Thursday, hitting $64.08. The company had a trading volume of 227,235 shares, compared to its average volume of 538,461. The business has a 50 day moving average of $61.69 and a two-hundred day moving average of $55.49. The firm has a market capitalization of $3.19 billion, a P/E ratio of 10.24 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 12-month low of $32.10 and a 12-month high of $66.71.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.31%. Bread Financial’s dividend payout ratio is currently 13.38%.

Wall Street Analysts Forecast Growth

BFH has been the subject of several recent research reports. Barclays dropped their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. TD Cowen upped their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. 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 report on Tuesday, November 19th. Compass Point upped their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $57.46.

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.