Bread Financial (BFH) Projected to Post Quarterly Earnings on Thursday

Bread Financial (NYSE:BFH - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Bread Financial to post earnings of $0.35 per share and revenue of $960,240.90 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.03). The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Bread Financial's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.46 earnings per share. On average, analysts expect Bread Financial to post $8 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bread Financial Price Performance

NYSE:BFH traded down $0.16 during mid-day trading on Thursday, reaching $64.91. 518,609 shares of the stock were exchanged, compared to its average volume of 530,629. The business has a fifty day moving average price of $61.05 and a 200 day moving average price of $54.87. The firm has a market capitalization of $3.23 billion, a PE ratio of 10.34 and a beta of 1.94. Bread Financial has a 1-year low of $28.00 and a 1-year high of $66.71. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Analyst Ratings Changes

A number of research firms recently issued reports on BFH. Barclays lowered their target price on Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods lifted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, October 28th. The Goldman Sachs Group lifted their price target on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $57.07.

Insider Activity

In other news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at $330,252.46. This represents a 18.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.