Bread Financial Q3 revenue slightly beats

Overview

• US payment solutions provider's Q3 revenue slightly beat analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

• Company raised quarterly common stock dividend by 9%

Outlook

• Company raises quarterly common dividend to $0.25 per share

Result Drivers

• DIVIDEND INCREASE - Co raised quarterly common stock dividend by 9% for Q4

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy"

• Wall Street's median 12-month price target for Bread Financial Holdings, Inc. is $115.00, about 5.9% above its October 21 closing price of $108.63

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads

• Oct 20 - Synchrony Financial's Q3 net earnings fall 17%

• Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%

• Oct 21 - Pressure on lower-income US households raises delinquency risks, Morningstar DBRS says

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)