Zacks Research Boosts Earnings Estimates for Bread Financial

Bread Financial Holdings, Inc. (NYSE:BFH) – Analysts at Zacks Research increased their FY2024 earnings per share estimates for Bread Financial in a report issued on Thursday, November 7th. Zacks Research analyst T. De now forecasts that the company will post earnings of $7.54 per share for the year, up from their previous estimate of $7.46. The consensus estimate for Bread Financial’s current full-year earnings is $7.63 per share. Zacks Research also issued estimates for Bread Financial’s Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.65 EPS, FY2025 earnings at $6.25 EPS, Q1 2026 earnings at $1.47 EPS, Q2 2026 earnings at $2.43 EPS and FY2026 earnings at $8.27 EPS.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same period last year, the firm earned $3.46 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year.

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Royal Bank of Canada upped their price objective on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Barclays dropped their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group upped their target price on shares of Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Bank of America lowered their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.64.

Bread Financial Stock Performance

Shares of BFH opened at $59.57 on Monday. The company has a 50-day moving average of $51.15 and a two-hundred day moving average of $47.69. The stock has a market cap of $2.96 billion, a P/E ratio of 9.49 and a beta of 1.94. Bread Financial has a 12-month low of $26.27 and a 12-month high of $63.01. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Hedge Funds Weigh In On Bread Financial

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock valued at $65,245,000 after purchasing an additional 657,968 shares in the last quarter. Point72 Asset Management L.P. boosted its position 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 worth $28,772,000 after buying an additional 390,413 shares during the period. Pzena Investment Management LLC grew its stake in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after buying an additional 243,419 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings 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 period. Finally, Vanguard Group Inc. lifted its position in Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after acquiring an additional 216,274 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the purchase, the director now directly owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. Bread Financial’s payout ratio is 13.38%.

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.