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

Bread Financial Holdings, Inc. (NYSE:BFH) – Stock analysts at Zacks Research lowered their FY2024 earnings estimates for 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.

BFH has been the topic of several other research reports. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Royal Bank of Canada upped their price target on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Barclays boosted their price objective on shares of Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their target price on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group lifted their target price on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and an average target price of $50.00.

Bread Financial Price Performance

Shares of NYSE BFH opened at $46.77 on Thursday. The stock’s 50-day moving average is $51.68 and its two-hundred day moving average is $43.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.19 and a beta of 1.95.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. Bread Financial’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

Institutional Trading of Bread Financial

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Bread Financial during the 1st quarter valued at $33,000. CWM LLC increased 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 worth $76,000 after buying an additional 550 shares during the last quarter. Point72 DIFC Ltd boosted its stake in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after acquiring an additional 397 shares during the last quarter. National Bank of Canada FI increased its position in shares of Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after purchasing an additional 2,241 shares during the last quarter. Finally, Pinnacle Holdings LLC acquired a new stake in Bread Financial during the fourth quarter valued at approximately $83,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.