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

Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) - Seaport Res Ptn dropped their FY2024 earnings estimates for shares of Bread Financial in a report released on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now expects that the company will post earnings per share of $5.35 for the year, down from their prior estimate 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.

A number of other analysts have also issued reports on BFH. BMO Capital Markets reduced their price target on shares of Bread Financial from $33.00 to $32.00 and set a "market perform" rating for the company in a research report on Monday, January 29th. Wolfe Research upgraded shares of Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a report on Thursday, April 4th. Evercore ISI downgraded shares of Bread Financial from an "in-line" rating to an "underperform" rating and upped their price target for the stock from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $36.00 price objective on shares of Bread Financial in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. upped their target price on Bread Financial from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Four equities 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.55.

Bread Financial Stock Up 2.9 %

NYSE BFH traded up $0.95 during trading on Thursday, reaching $33.18. 886,046 shares of the company's stock were exchanged, compared to its average volume of 778,353. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The company's fifty day simple moving average is $36.72 and its 200-day simple moving average is $32.87. The firm has a market capitalization of $1.64 billion, a PE ratio of 2.32, a P/E/G ratio of 0.12 and a beta of 1.93.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.90 EPS for the quarter, topping the consensus estimate 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 return on equity of 26.24% and a net margin of 13.87%. Bread Financial's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.68) earnings per share.

Institutional Investors Weigh In On Bread Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new stake in Bread Financial during the 3rd quarter valued at approximately $948,000. Macquarie Group Ltd. bought a new stake in shares of Bread Financial in the third quarter valued at approximately $44,000. BlackRock Inc. acquired a new stake in shares of Bread Financial in the third quarter worth $153,464,000. Bank of New York Mellon Corp bought a new position in Bread Financial during the third quarter worth $21,151,000. Finally, First Trust Advisors LP bought a new position in Bread Financial during the third quarter worth $3,333,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of Bread Financial stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $29.86, for a total value of $895,800.00. Following the transaction, the insider now owns 304,769 shares of the company's stock, valued at $9,100,402.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold 165,000 shares of company stock valued at $5,417,850 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 9th were issued a $0.21 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.84 annualized dividend and a yield of 2.53%. Bread Financial's dividend payout ratio (DPR) is currently 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.