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

Bread Financial Holdings, Inc. (NYSE:BFH) – Investment analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Bread Financial in a research report issued on Tuesday, September 10th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $7.44 for the year, down from their previous forecast of $7.46. The consensus estimate for Bread Financial’s current full-year earnings is $7.49 per share.

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

BFH has been the topic of a number of other reports. Evercore ISI raised shares of Bread Financial from an “underperform” rating to an “in-line” rating and raised their price objective for the company from $42.00 to $45.00 in a research note on Thursday, June 20th. BTIG Research assumed coverage on Bread Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $67.00 price objective on shares of Bread Financial in a report on Monday, June 17th. Compass Point raised their target price on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America upped their price target on Bread Financial from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bread Financial currently has a consensus rating of “Hold” and an average price target of $50.00.

Bread Financial Price Performance

Shares of BFH opened at $47.40 on Thursday. The business’s fifty day moving average is $51.71 and its 200 day moving average is $43.47. Bread Financial has a 12-month low of $26.08 and a 12-month high of $59.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.35 billion, a P/E ratio of 5.89, a P/E/G ratio of 0.19 and a beta of 1.95.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 9th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.77%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Trading of Bread Financial

Several hedge funds have recently added to or reduced their stakes in BFH. Millennium Management LLC increased its stake in shares of Bread Financial by 81.6% during the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after purchasing an additional 657,968 shares during the last quarter. Norges Bank purchased a new stake in Bread Financial in the fourth quarter worth $14,365,000. Point72 Asset Management L.P. raised its stake in shares of Bread Financial by 152.9% in the second quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock valued at $28,772,000 after buying an additional 390,413 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after buying an additional 256,221 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Bread Financial by 86.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 485,113 shares of the company’s stock valued at $18,066,000 after buying an additional 224,545 shares during the last quarter. Institutional investors own 99.52% 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.