Equities Analysts Set Expectations for Bread Financial Holdings, Inc.’s FY2024 Earnings (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH) – Zacks Research upped their FY2024 earnings estimates for Bread Financial in a research note issued to investors on Wednesday, September 25th. Zacks Research analyst T. De now anticipates that the company will earn $7.46 per share for the year, up from their previous forecast of $7.44. The consensus estimate for Bread Financial’s current full-year earnings is $7.49 per share.

Other analysts also recently issued research reports about the company. Bank of America dropped their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Royal Bank of Canada raised their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. TD Cowen increased their price objective on shares of Bread Financial from $44.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Compass Point upped their target price on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.71.

Bread Financial Trading Up 0.3 %

NYSE:BFH opened at $46.73 on Monday. The business’s 50-day moving average price is $52.05 and its two-hundred day moving average price is $44.46. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 0.17 and a beta of 1.95. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share 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 company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. During the same quarter in the prior year, the business posted $1.27 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis.

Hedge Funds Weigh In On Bread Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Bread Financial in the 1st quarter valued at $33,000. CWM LLC grew its stake in shares of 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 in the last quarter. Point72 DIFC Ltd increased its position in Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares during the period. National Bank of Canada FI increased its position 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 acquiring an additional 800 shares during the period. Finally, Pinnacle Holdings LLC acquired a new stake in Bread Financial in the 4th quarter worth about $83,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. Bread Financial’s dividend payout ratio is currently 10.58%.

Bread Financial Company Profile

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.