FY2024 Earnings Estimate for Bread Financial Holdings, Inc. (NYSE:BFH) Issued By Seaport Res Ptn

Bread Financial Holdings, Inc. (NYSE:BFH) – Investment analysts at Seaport Res Ptn reduced their FY2024 earnings per share estimates for shares of Bread Financial in a note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now anticipates that the company will post earnings of $5.35 per share for the year, down from their prior 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.

Several other equities analysts have also recently issued reports on BFH. Evercore ISI cut Bread Financial from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a report on Friday, January 26th. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Thursday, April 4th. Barclays decreased their price objective on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.55.

Bread Financial Stock Performance

Shares of BFH opened at $34.48 on Thursday. The stock has a market cap of $1.70 billion, a P/E ratio of 2.41, a P/E/G ratio of 0.12 and a beta of 1.93. The stock has a 50-day moving average of $36.68 and a two-hundred day moving average of $32.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial has a one year low of $23.19 and a one year high of $41.89.

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

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio is currently 5.87%.

Insider Transactions at Bread Financial

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BFH. Vanguard Group Inc. acquired a new position in Bread Financial in the third quarter valued at approximately $155,419,000. BlackRock Inc. acquired a new position in Bread Financial in the third quarter valued at approximately $153,464,000. State Street Corp acquired a new position in Bread Financial in the third quarter valued at approximately $52,807,000. Norges Bank acquired a new position in Bread Financial in the fourth quarter valued at approximately $34,438,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Bread Financial by 62.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,169,566 shares of the company’s stock valued at $65,779,000 after acquiring an additional 830,855 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.