Bread Financial (NYSE:BFH) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Bread Financial (NYSE:BFH - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07, Zacks reports. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%.

Bread Financial Stock Down 0.2 %

Shares of BFH stock traded down $0.12 during trading hours on Monday, hitting $63.21. 892,612 shares of the company were exchanged, compared to its average volume of 617,474. Bread Financial has a 52 week low of $32.10 and a 52 week high of $66.71. The company has a current ratio of 1.15, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $61.93 and a two-hundred day moving average of $55.70. The company has a market capitalization of $3.14 billion, a PE ratio of 11.39, a PEG ratio of 1.38 and a beta of 1.93.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.33%. Bread Financial's dividend payout ratio (DPR) is currently 15.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BFH shares. TD Cowen boosted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Royal Bank of Canada boosted 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. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a report on Monday. Compass Point boosted their price target on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $59.69.

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.