Bread Financial Holdings, Inc. (NYSE:BFH) to Post FY2024 Earnings of $5.35 Per Share, Seaport Res Ptn Forecasts

Bread Financial Holdings, Inc. (NYSE:BFH) – Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for Bread Financial in a research note issued on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now forecasts 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 $6.88 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.

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

A number of other equities analysts also recently issued reports on BFH. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a report on Friday, January 26th. BMO Capital Markets reduced their price objective on Bread Financial from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Monday, January 29th. 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 research note on Wednesday, January 3rd. Barclays reduced their price objective on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Finally, Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, April 4th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.55.

Bread Financial Stock Performance

Shares of BFH opened at $33.18 on Thursday. The stock has a 50 day moving average price of $36.72 and a 200 day moving average price of $32.87. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 2.32, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93. Bread Financial has a 52-week low of $23.19 and a 52-week high of $41.89.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio (DPR) is presently 5.87%.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the company’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 completion of the sale, the insider now owns 299,380 shares in the company, valued at $9,226,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 135,000 shares of company stock worth $4,522,050 over the last 90 days. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Bread Financial by 93.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,300 shares of the company’s stock worth $272,000 after acquiring an additional 3,529 shares in the last quarter. DGS Capital Management LLC acquired a new stake in shares of Bread Financial during the first quarter valued at $368,000. Quadrature Capital Ltd boosted its stake in Bread Financial by 2.4% in the 4th quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock worth $856,000 after buying an additional 611 shares during the last quarter. Wellington Management Group LLP boosted its stake in Bread Financial by 7.8% in the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after buying an additional 152,954 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new stake in Bread Financial in the 4th quarter worth about $220,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.