Bread Financial Holdings, Inc. (NYSE:BFH) Expected to Earn Q1 2024 Earnings of $2.99 Per Share

Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) - Research analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share estimates for Bread Financial in a research report issued 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 prior 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.

BFH has been the topic of several other research reports. Wolfe Research raised Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a report on Thursday, April 4th. Barclays dropped their target price on Bread Financial from $27.00 to $26.00 and set an "underweight" rating on the stock in a report on Tuesday, April 9th. Evercore ISI lowered Bread Financial from an "in-line" rating to an "underperform" rating and increased their target price for the company from $29.00 to $33.00 in a report on Wednesday, January 3rd. BMO Capital Markets dropped their target price 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. Finally, Oppenheimer raised Bread Financial from a "market perform" rating to an "outperform" rating and set a $52.00 target price on the stock in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Bread Financial has a consensus rating of "Hold" and an average price target of $36.55.

Bread Financial Stock Down 3.9 %

Shares of Bread Financial stock traded down $1.31 during trading hours on Wednesday, reaching $32.23. 658,701 shares of the company were exchanged, compared to its average volume of 776,895. Bread Financial has a 1 year low of $23.19 and a 1 year high of $41.89. The stock's fifty day moving average is $36.77 and its 200 day moving average is $32.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $1.59 billion, a PE ratio of 2.25, a PEG ratio of 0.12 and a beta of 1.93.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $984.36 million. During the same quarter in the prior year, the company earned ($2.68) earnings per share. The company's revenue was down 3.2% on a year-over-year basis.

Institutional Investors Weigh In On Bread Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in Bread Financial by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company's stock valued at $38,000 after purchasing an additional 300 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Bread Financial by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,161 shares of the company's stock valued at $633,000 after buying an additional 350 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Bread Financial by 169.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company's stock valued at $31,000 after buying an additional 530 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company's stock valued at $124,000 after buying an additional 603 shares in the last quarter. Finally, Quadrature Capital Ltd increased its holdings in Bread Financial by 2.4% in the fourth quarter. Quadrature Capital Ltd now owns 25,993 shares of the company's stock valued at $856,000 after buying an additional 611 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $29.86, for a total transaction of $895,800.00. Following the completion of the sale, the insider now owns 304,769 shares in the company, valued at $9,100,402.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 165,000 shares of company stock worth $5,417,850. Company insiders own 0.62% of the company's stock.

Bread Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Thursday, February 8th. This represents a $0.84 annualized dividend and a dividend yield of 2.61%. Bread Financial's dividend payout ratio (DPR) is 5.87%.

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.