Bread Financial (BFH) Projected to Post Earnings on Thursday

Bread Financial (NYSE:BFH) is projected to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Bread Financial to post earnings of $2.04 per share and revenue of $956.17 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. On average, analysts expect Bread Financial to post $6 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $45.96 on Thursday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial has a 12 month low of $32.10 and a 12 month high of $66.71. The stock’s 50 day moving average price is $51.27 and its 200 day moving average price is $55.71.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial’s dividend payout ratio is presently 15.14%.

Bread Financial declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have weighed in on BFH. Morgan Stanley downgraded shares of Bread Financial from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Monday, April 7th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on shares of Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Compass Point increased their price objective on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased their target price on Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a report on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Bread Financial currently has a consensus rating of “Hold” and an average target price of $57.08.

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.