Bread Financial Holdings, Inc. (NYSE:BFH) Expected to Earn Q3 2024 Earnings of $1.63 Per Share

Bread Financial Holdings, Inc. (NYSE:BFH) – Stock analysts at Seaport Res Ptn boosted their Q3 2024 earnings per share estimates for shares of Bread Financial in a research note issued to investors on Monday, September 30th. Seaport Res Ptn analyst W. Ryan now expects that the company will post earnings per share of $1.63 for the quarter, up from their prior forecast of $1.56. The consensus estimate for Bread Financial’s current full-year earnings is $7.49 per share. Seaport Res Ptn also issued estimates for Bread Financial’s FY2025 earnings at $7.25 EPS.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.27 EPS.

BFH has been the topic of several other reports. Evercore ISI upgraded Bread Financial from an “underperform” rating to an “in-line” rating and raised their target price for the company from $42.00 to $45.00 in a report on Thursday, June 20th. Royal Bank of Canada raised their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. BTIG Research initiated coverage on Bread Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. TD Cowen raised their target price on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Bank of America dropped their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned 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 $49.71.

Bread Financial Stock Performance

Bread Financial stock opened at $46.50 on Tuesday. The stock’s 50-day moving average is $51.90 and its 200-day moving average is $44.64. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.17 and a beta of 1.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial has a 12 month low of $26.08 and a 12 month high of $59.66.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BFH. Headlands Technologies LLC acquired a new position in shares of Bread Financial in the 1st quarter worth approximately $33,000. CWM LLC grew its position in shares of Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after acquiring an additional 550 shares in the last quarter. Point72 DIFC Ltd grew its position in shares of Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial in the 4th quarter worth approximately $83,000. Finally, National Bank of Canada FI grew its position in shares of Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.81%. Bread Financial’s dividend payout ratio is presently 10.58%.

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.