Bread Financial (NYSE:BFH – Get Free Report) released its quarterly earnings data on Thursday. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19), Briefing.com reports. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same period last year, the business posted $9.08 earnings per share. The firm’s quarterly revenue was down 23.1% on a year-over-year basis.
Bread Financial Stock Performance
Shares of BFH traded up $0.32 during trading hours on Friday, hitting $36.97. The company’s stock had a trading volume of 1,000,056 shares, compared to its average volume of 728,710. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 4.66, a PEG ratio of 0.14 and a beta of 1.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50 day simple moving average of $36.52 and a two-hundred day simple moving average of $33.07. Bread Financial has a 52-week low of $23.19 and a 52-week high of $41.89.
Bread Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. Bread Financial’s payout ratio is 10.58%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Bread Financial
Insider Transactions at Bread Financial
In other news, major shareholder Turtle Creek Asset Management sold 45,000 shares of Bread Financial stock in a transaction dated Monday, January 29th. The shares were 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 $10,454,591.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.
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.
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