Bread Financial (BFH) Set to Announce Earnings on Thursday

Bread Financial (NYSE:BFHGet Rating) is set to announce its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of ($3.67) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Bread Financial (NYSE:BFHGet Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $2.69 EPS for the quarter, meeting analysts’ consensus estimates of $2.69. The firm had revenue of $979.00 million during the quarter, compared to analyst estimates of $976.21 million. Bread Financial had a net margin of 9.43% and a return on equity of 18.52%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.47 EPS. On average, analysts expect Bread Financial to post $4 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Bread Financial Stock Up 0.9 %

BFH opened at $40.67 on Wednesday. The company has a fifty day moving average price of $38.52 and a 200-day moving average price of $37.84. The firm has a market capitalization of $2.03 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 0.19 and a beta of 1.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a one year low of $28.85 and a one year high of $74.80.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 14th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, November 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.07%. Bread Financial’s dividend payout ratio (DPR) is currently 11.23%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BFH shares. The Goldman Sachs Group boosted their price target on shares of Bread Financial from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. Credit Suisse Group upped their target price on shares of Bread Financial from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, October 28th. Morgan Stanley cut their target price on shares of Bread Financial from $45.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 5th. TheStreet upgraded shares of Bread Financial from a “d+” rating to a “c-” rating in a research report on Thursday, October 27th. Finally, Royal Bank of Canada upped their target price on shares of Bread Financial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Institutional Trading of Bread Financial

Several hedge funds have recently added to or reduced their stakes in BFH. Vanguard Group Inc. bought a new stake in Bread Financial in the third quarter worth $155,419,000. BlackRock Inc. bought a new stake in Bread Financial in the third quarter worth $153,464,000. State Street Corp bought a new position in shares of Bread Financial during the third quarter valued at about $52,807,000. Bank of New York Mellon Corp bought a new position in shares of Bread Financial during the third quarter valued at about $21,151,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Bread Financial during the third quarter valued at about $17,916,000. 96.62% of the stock is owned by institutional investors.

Bread Financial Company Profile

(Get Rating)

Bread Financial Holdings, Inc engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. Its products and services include credit cards, loan financing, processing, and servicing, marketing, data and analytics, and digital offerings. The company was founded in 1996 and is headquartered in Columbus, OH.

See Also

Earnings History for Bread Financial (NYSE:BFH)

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