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

Bread Financial (NYSE:BFH - Get Free Report) is anticipated 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 are interested in participating in the company's conference call can do so using this link.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 Stock Up 1.9 %

Shares of BFH traded up $0.89 during trading hours on Friday, hitting $46.76. The company had a trading volume of 797,879 shares, compared to its average volume of 878,463. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.25 and a beta of 1.58. The firm has a fifty day moving average price of $50.68 and a 200-day moving average price of $55.71. Bread Financial has a 52-week low of $33.26 and a 52-week high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. Bread Financial's dividend payout ratio is presently 15.14%.

Bread Financial announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on BFH. Barclays increased their price objective on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Morgan Stanley lowered shares of Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research note on Monday, April 7th. Royal Bank of Canada lifted their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Finally, Compass Point increased their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.