FY2024 EPS Estimates for Bread Financial Holdings, Inc. (NYSE:BFH) Raised by Analyst

Bread Financial Holdings, Inc. (NYSE:BFH) – Analysts at Zacks Research upped their FY2024 earnings estimates for Bread Financial in a report issued on Wednesday, September 25th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $7.46 for the year, up from their prior estimate of $7.44. The consensus estimate for Bread Financial’s current full-year earnings is $7.49 per share.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter in the previous year, the firm posted $1.27 EPS. Bread Financial’s revenue was down 1.4% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada boosted their price objective on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a research report on Monday, June 17th. TD Cowen raised their price objective on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Compass Point lifted their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, BTIG Research assumed coverage on Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.71.

Bread Financial Stock Performance

Shares of BFH opened at $46.42 on Monday. Bread Financial has a 1 year low of $26.08 and a 1 year high of $59.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s fifty day moving average price is $52.00 and its two-hundred day moving average price is $44.57. The firm has a market cap of $2.30 billion, a PE ratio of 5.99, a PEG ratio of 0.17 and a beta of 1.95.

Institutional Investors Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Bread Financial in the 1st quarter worth $33,000. CWM LLC increased its stake in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd increased its stake in Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after acquiring an additional 397 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in Bread Financial during the fourth quarter valued at about $83,000. Finally, National Bank of Canada FI lifted its stake in Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after purchasing an additional 800 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, August 9th. Bread Financial’s payout ratio is 10.58%.

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.