Zacks Research Research Analysts Raise Earnings Estimates for Bread Financial Holdings, Inc. (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH) – Zacks Research boosted their FY2024 earnings estimates for shares of Bread Financial in a report released on Wednesday, September 25th. Zacks Research analyst T. De now expects that the company will earn $7.46 per share for the year, up from their prior estimate of $7.44. The consensus estimate for Bread Financial’s current full-year earnings is $7.49 per share.

A number of other equities analysts have also recently commented on BFH. Compass Point lifted their price target on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group upped their price target on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Bank of America dropped their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective 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, JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.71.

Bread Financial Stock Down 2.4 %

BFH opened at $46.42 on Monday. The company has a market cap of $2.30 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.17 and a beta of 1.95. Bread Financial has a 12 month low of $26.08 and a 12 month high of $59.66. The business’s 50-day moving average price is $52.00 and its 200-day moving average price is $44.57. 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, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.81%. Bread Financial’s payout ratio is 10.58%.

Hedge Funds Weigh In On Bread Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BFH. Arizona State Retirement System raised its stake in Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after buying an additional 279 shares during the last quarter. Point72 DIFC Ltd raised its position in shares of Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after purchasing an additional 397 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Bread Financial by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock worth $1,110,000 after purchasing an additional 500 shares in the last quarter. CWM LLC grew its position in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in Bread Financial by 3.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 18,592 shares of the company’s stock valued at $828,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other 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.