Bread Financial (NYSE:BFH) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Bread Financial (NYSE:BFH - Get Free Report) released its quarterly earnings results on Thursday. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.03), Briefing.com reports. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm had revenue of $983.00 million for the quarter, compared to analysts' expectations of $981.26 million. During the same quarter in the previous year, the business earned $3.46 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis.

Bread Financial Trading Down 1.9 %

Shares of BFH stock traded down $0.96 during trading hours on Thursday, reaching $50.05. The company's stock had a trading volume of 1,044,508 shares, compared to its average volume of 856,995. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a one year low of $26.08 and a one year high of $59.66. The stock has a market capitalization of $2.48 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.17 and a beta of 1.94. The firm's fifty day simple moving average is $51.82 and its 200 day simple moving average is $46.04.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BFH. Evercore ISI decreased their price objective on Bread Financial from $59.00 to $52.00 and set an "in-line" rating on the stock in a report on Monday, October 7th. Bank of America decreased their price target on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Royal Bank of Canada boosted their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Bread Financial from $48.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, TD Cowen boosted their price target on shares of Bread Financial from $44.00 to $57.00 and gave the stock a "hold" rating in a research note on Friday, July 26th. Three research 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. According to data from MarketBeat, Bread Financial has a consensus rating of "Hold" and a consensus target price of $50.07.

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.