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, April 25th. Analysts expect the company to announce earnings of $3.03 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, January 25th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.67) by $1.57. The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $984.36 million. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.68) earnings per share. On average, analysts expect Bread Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Bread Financial Stock Performance

Bread Financial stock opened at $32.23 on Thursday. The stock has a market cap of $1.59 billion, a P/E ratio of 2.25, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. Bread Financial has a 52 week low of $23.19 and a 52 week high of $41.89. The stock has a 50 day moving average of $36.77 and a 200-day moving average of $32.88.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio is currently 5.87%.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management sold 30,000 shares of Bread Financial stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $30.88, for a total value of $926,400.00. Following the transaction, the insider now directly owns 302,973 shares in the company, valued at approximately $9,355,806.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 165,000 shares of company stock worth $5,417,850. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Bread Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its stake in Bread Financial by 169.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock valued at $31,000 after buying an additional 530 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Bread Financial in the third quarter valued at $44,000. Steward Partners Investment Advisory LLC boosted its position in shares of Bread Financial by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after buying an additional 300 shares during the period. Quarry LP grew its holdings in shares of Bread Financial by 903.7% during the first quarter. Quarry LP now owns 1,887 shares of the company’s stock valued at $57,000 after buying an additional 1,699 shares in the last quarter. Finally, State of Wyoming acquired a new position in Bread Financial during the second quarter valued at $62,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the subject of a number of research reports. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Friday, January 26th. Barclays cut their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Finally, BMO Capital Markets decreased their price target on Bread Financial from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Monday, January 29th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.55.

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.