Q1 2024 EPS Estimates for Bread Financial Holdings, Inc. Lowered by Seaport Res Ptn (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH) – Stock analysts at Seaport Res Ptn cut their Q1 2024 EPS estimates for Bread Financial in a research note issued to investors on Tuesday, April 16th. Seaport Res Ptn analyst W. Ryan now forecasts that the company will earn $2.99 per share for the quarter, down from their previous forecast of $3.24. 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 Q2 2024 earnings at $0.82 EPS and Q3 2024 earnings at $1.78 EPS.

Several other equities analysts have also commented on BFH. Oppenheimer upgraded shares of 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. Wolfe Research upgraded shares of 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. JPMorgan Chase & Co. upped their price target 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. Evercore ISI lowered shares of 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 research report on Wednesday, January 3rd. Finally, Barclays decreased their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.55.

Bread Financial Stock Up 2.9 %

Shares of NYSE:BFH opened at $33.18 on Wednesday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 2.32, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93. Bread Financial has a 1-year low of $23.19 and a 1-year high of $41.89. The company’s fifty day moving average is $36.72 and its two-hundred day moving average is $32.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial (NYSE:BFH) last issued its earnings results 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. The company had revenue of $1,000.00 million for 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 firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.68) earnings per share.

Hedge Funds Weigh In On Bread Financial

Hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in Bread Financial by 169.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock valued at $31,000 after purchasing an additional 530 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Bread Financial by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Bread Financial in the third quarter worth $44,000. Quarry LP grew its stake in shares of Bread Financial by 903.7% in the first quarter. Quarry LP now owns 1,887 shares of the company’s stock worth $57,000 after acquiring an additional 1,699 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Bread Financial in the second quarter worth $62,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Transactions at Bread Financial

In related news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the 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 transaction, the insider now owns 299,380 shares in the company, valued at $9,226,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 135,000 shares of company stock valued at $4,522,050 over the last three months. 0.62% of the stock is owned by corporate insiders.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s dividend payout ratio (DPR) is 5.87%.

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.