Seaport Res Ptn Equities Analysts Reduce Earnings Estimates for Bread Financial Holdings, Inc. (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH) – Research analysts at Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for Bread Financial in a report issued on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now anticipates that the company will post earnings of $5.35 per share for the year, down from their prior forecast 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 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. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $984.36 million. During the same quarter in the previous year, the company posted ($2.68) earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year.

BFH has been the subject of a number of other research reports. Evercore ISI cut Bread Financial from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $29.00 to $33.00 in a research report on Wednesday, January 3rd. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday, January 26th. JPMorgan Chase & Co. boosted their price target on Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Barclays reduced their price target on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Finally, Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, April 4th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.55.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $33.18 on Thursday. The business’s 50-day moving average price is $36.72 and its two-hundred day moving average price is $32.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial has a one year low of $23.19 and a one year high of $41.89. The company has a market capitalization of $1.64 billion, a P/E ratio of 2.32, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93.

Bread Financial Dividend Announcement

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

Insider Buying and Selling

In other Bread Financial 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 value of $924,600.00. Following the completion of the transaction, the insider now owns 299,380 shares of the company’s stock, valued at approximately $9,226,891.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 135,000 shares of company stock valued at $4,522,050. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Bread Financial

Large investors have recently added to or reduced their stakes in the company. Denali Advisors LLC raised its holdings in Bread Financial by 46.8% in the 4th quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after acquiring an additional 48,900 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Bread Financial by 477.6% in the 3rd quarter. Quantbot Technologies LP now owns 39,614 shares of the company’s stock valued at $1,355,000 after purchasing an additional 32,756 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Bread Financial in the 3rd quarter valued at approximately $913,000. American Century Companies Inc. grew its stake in shares of Bread Financial by 16.5% in the 3rd quarter. American Century Companies Inc. now owns 610,872 shares of the company’s stock valued at $20,892,000 after purchasing an additional 86,315 shares during the period. Finally, First Hawaiian Bank grew its stake in shares of Bread Financial by 17.2% in the 4th quarter. First Hawaiian Bank now owns 8,479 shares of the company’s stock valued at $279,000 after purchasing an additional 1,245 shares during the period. Institutional investors and hedge funds 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.