Bread Financial Holdings, Inc. (NYSE:BFH) Expected to Post FY2024 Earnings of $5.35 Per Share

Bread Financial Holdings, Inc. (NYSE:BFH) – Equities research analysts at Seaport Res Ptn lowered their FY2024 EPS estimates for Bread Financial in a research report issued to clients and investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now expects that the company will earn $5.35 per share for the year, down from their previous estimate of $5.90. The consensus estimate for Bread Financial’s current full-year earnings is $6.80 per share. Seaport Res Ptn also issued estimates for Bread Financial’s Q4 2024 earnings at ($0.25) EPS and FY2025 earnings at $7.55 EPS.

BFH has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Friday, January 26th. Evercore ISI downgraded shares of Bread Financial from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, April 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.55.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $34.48 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.70 billion, a P/E ratio of 2.41, a PEG ratio of 0.12 and a beta of 1.93. Bread Financial has a 52 week low of $23.19 and a 52 week high of $41.89. The company has a 50-day moving average price of $36.68 and a 200 day moving average price of $32.87.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $1.57. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.36 million. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.68) earnings per share.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were paid 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 dividend yield of 2.44%. Bread Financial’s dividend payout ratio (DPR) is 5.87%.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $30.82, for a total transaction of $924,600.00. Following the completion of the transaction, the insider now directly owns 299,380 shares of the company’s stock, valued at approximately $9,226,891.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 135,000 shares of company stock valued at $4,522,050 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its stake in shares of Bread Financial by 169.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock worth $31,000 after purchasing an additional 530 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Bread Financial in the 3rd quarter worth approximately $44,000. Steward Partners Investment Advisory LLC grew its stake in Bread Financial by 42.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after acquiring an additional 300 shares during the period. Quarry LP grew its stake in Bread Financial by 903.7% in the 1st quarter. Quarry LP now owns 1,887 shares of the company’s stock worth $57,000 after acquiring an additional 1,699 shares during the period. Finally, State of Wyoming purchased a new stake in Bread Financial in the 2nd quarter worth approximately $62,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.