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

Bread Financial (NYSE:BFH) will announce its 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 listening to the company’s earnings conference call can do so using this link.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. The firm 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%. Bread Financial’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company 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 Stock Performance

Bread Financial stock opened at $50.69 on Wednesday. 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 has a fifty-two week low of $26.08 and a fifty-two week high of $59.66. The stock has a fifty day moving average of $51.85 and a two-hundred day moving average of $46.01. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 0.17 and a beta of 1.94.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BFH shares. Jefferies Financial Group lifted their price target on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Barclays lowered their price target on Bread Financial from $37.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, October 8th. Finally, TD Cowen boosted their target price on shares of Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.