Bread Financial (BFH) to Release Quarterly Earnings on Thursday

Bread Financial (NYSE:BFH - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.03 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

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

Bread Financial Stock Performance

Shares of NYSE:BFH traded up $0.95 on Thursday, hitting $33.18. 886,046 shares of the company were exchanged, compared to its average volume of 778,353. The firm has a market capitalization of $1.64 billion, a P/E ratio of 2.32, 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 1-year low of $23.19 and a 1-year high of $41.89. The stock's 50 day moving average price is $36.72 and its 200 day moving average price is $32.87.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 9th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.53%. Bread Financial's dividend payout ratio is currently 5.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BFH. Evercore ISI cut Bread Financial from an "in-line" rating to an "underperform" rating and raised their price objective for the stock from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $36.00 price objective on shares of Bread Financial in a research note on Friday, January 26th. BMO Capital Markets cut their price objective on shares of Bread Financial from $33.00 to $32.00 and set a "market perform" rating on the stock in a research note on Monday, January 29th. Oppenheimer upgraded shares of Bread Financial from a "market perform" rating to an "outperform" rating and set a $52.00 target price for the company in a research report on Friday, January 26th. Finally, Wolfe Research raised Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research report on Thursday, April 4th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.55.

Insider Activity

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of Bread Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $35.67, for a total value of $1,605,150.00. Following the completion of the transaction, the insider now owns 293,092 shares in the company, valued at approximately $10,454,591.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 165,000 shares of company stock worth $5,417,850 in the last ninety days. Company insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Bread Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BFH. Vanguard Group Inc. acquired a new stake in shares of Bread Financial in the third quarter valued at about $155,419,000. BlackRock Inc. acquired a new stake in Bread Financial in the 3rd quarter worth about $153,464,000. State Street Corp purchased a new stake in Bread Financial during the 3rd quarter worth approximately $52,807,000. Norges Bank acquired a new position in shares of Bread Financial during the fourth quarter valued at approximately $34,438,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bread Financial by 62.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,169,566 shares of the company's stock valued at $65,779,000 after acquiring an additional 830,855 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

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.