Wall Street brokers predict that Bread Financial Holdings, Inc. (NYSE:BFH – Get a rating) will post earnings of $2.45 per share for the current quarter, Zacks Investment Research reports. Fourteen analysts provided Bread Financial earnings estimates, with estimates ranging from $1.89 to $3.47. Bread Financial reported earnings of $5.99 per share in the same quarter last year, indicating a negative growth rate of 59.1% year over year. The company is due to release its next results on Monday, January 1.
According to Zacks, analysts expect Bread Financial to report annual earnings of $11.15 per share for the current fiscal year, with EPS estimates ranging from $7.93 to $19.43. For the next fiscal year, analysts expect the company to post earnings of $12.04 per share, with EPS estimates ranging from $10.89 to $14.76. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts who provide coverage for Bread Financial.
Bread Financial (NYSE: BFH – Get a rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share (EPS) of $4.20 for the quarter, missing analyst consensus estimates of $4.21 per ($0.01). The company posted revenue of $921.00 million in the quarter, compared to $914.18 million expected by analysts. Bread Financial had a return on equity of 36.46% and a net margin of 18.26%. The company’s quarterly revenue was down 15.1% year over year. During the same period a year earlier, the company posted EPS of $5.74.
Separately, TheStreet upgraded Bread Financial’s shares from a “d+” rating to a “c+” rating in a Monday, May 16 report.
Shares of Bread Financial rose $0.53 during Tuesday’s trading, hitting $55.65. 428,233 shares of the company were traded, against an average volume of 896,525. The company has a quick ratio of 1.16, a current ratio of 1.16 and a leverage ratio of 0.87. The company’s 50-day simple moving average is $53.52. Bread Financial has a 52-week low of $46.31 and a 52-week high of $117.51. The company has a market capitalization of $2.77 billion, a PE ratio of 3.84, a growth price-earnings ratio of 0.27 and a beta of 1.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 17. Shareholders of record on Friday, May 13 will receive a dividend of $0.21. The ex-dividend date is Thursday, May 12. This represents an annualized dividend of $0.84 and a dividend yield of 1.51%. Bread Financial’s dividend payout ratio (DPR) is 5.80%.
About Bread Financial (Get a rating)
Bread Financial Holdings Inc provides payment and term loan technology solutions to customers and consumer industries in North America. It provides credit card and other loan financing services, including risk management solutions, account creation and financing services for approximately 130 private label and co-branded credit card programs, as well as through the through Bread partnerships to approximately 500 small and medium enterprises. merchants; and Comenity branded general purpose cash back credit.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Bread Financial right now?
Before you consider Bread Financial, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Bread Financial wasn’t on the list.
Although Bread Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here