Q1 2024 Earnings Estimate for Bread Financial Holdings, Inc. Issued By Seaport Res Ptn (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH) – Analysts at Seaport Res Ptn lowered their Q1 2024 earnings per share (EPS) estimates for shares of Bread Financial in a note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now anticipates that the company will earn $2.99 per share for the quarter, down from their previous estimate of $3.24. The consensus estimate for Bread Financial’s current full-year earnings is $7.03 per share. Seaport Res Ptn also issued estimates for Bread Financial’s Q2 2024 earnings at $0.82 EPS and Q3 2024 earnings at $1.78 EPS.

A number of other equities research analysts have also issued reports on BFH. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Oppenheimer upgraded Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Friday, January 26th. BMO Capital Markets reduced their price target on Bread Financial from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Monday, January 29th. Barclays dropped their price objective on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.55.

Bread Financial Stock Down 3.9 %

Shares of NYSE BFH opened at $32.23 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $36.77 and a 200 day moving average of $32.88. Bread Financial has a 12-month low of $23.19 and a 12-month high of $41.89. The stock has a market cap of $1.59 billion, a PE ratio of 2.25, a P/E/G ratio of 0.12 and a beta of 1.93.

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

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 9th were given a $0.21 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. Bread Financial’s payout ratio is currently 5.87%.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of Bread Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $35.67, for a total transaction of $1,605,150.00. Following the completion of the sale, the insider now directly owns 293,092 shares in the company, valued at $10,454,591.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 165,000 shares of company stock valued at $5,417,850 over the last 90 days. 0.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new stake in shares of Bread Financial in the 3rd quarter valued at $948,000. Macquarie Group Ltd. acquired a new position in Bread Financial in the 3rd quarter valued at about $44,000. BlackRock Inc. purchased a new stake in Bread Financial during the third quarter worth about $153,464,000. Bank of New York Mellon Corp acquired a new stake in shares of Bread Financial during the third quarter worth about $21,151,000. Finally, First Trust Advisors LP purchased a new position in shares of Bread Financial in the third quarter valued at approximately $3,333,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.