Equities Analysts Offer Predictions for Bread Financial Holdings, Inc.’s Q2 2024 Earnings (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFHFree Report) – Research analysts at Zacks Research cut their Q2 2024 earnings estimates for shares of Bread Financial in a note issued to investors on Tuesday, February 6th. Zacks Research analyst T. De now anticipates that the company will earn $1.35 per share for the quarter, down from their prior estimate of $1.39. The consensus estimate for Bread Financial’s current full-year earnings is $7.30 per share. Zacks Research also issued estimates for Bread Financial’s Q3 2024 earnings at $2.11 EPS, FY2024 earnings at $6.25 EPS, Q1 2025 earnings at $2.08 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $1.70 EPS and FY2026 earnings at $8.82 EPS.

Several other analysts have also commented on BFH. Barclays cut their target price on shares of Bread Financial from $28.00 to $27.00 and set an “underweight” rating for the company in a research note on Friday, January 26th. Morgan Stanley lowered shares of Bread Financial from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $31.00 to $25.00 in a research note on Wednesday, December 13th. TD Cowen began coverage on shares of Bread Financial in a research note on Wednesday, November 1st. They set a “market perform” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Finally, The Goldman Sachs Group upped their price target on shares of Bread Financial from $27.00 to $31.00 and gave the company a “sell” rating in a research report on Monday, December 18th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.42.

Get Our Latest Analysis on Bread Financial

Bread Financial Stock Up 2.7 %

BFH stock opened at $35.35 on Thursday. Bread Financial has a 12 month low of $23.19 and a 12 month high of $42.12. The firm has a market cap of $1.74 billion, a PE ratio of 2.47, a P/E/G ratio of 0.16 and a beta of 1.93. The firm has a 50 day simple moving average of $32.68 and a 200 day simple moving average of $33.10. 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 (NYSE:BFHGet Free Report) last issued its quarterly 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. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $984.36 million. During the same period in the prior year, the business posted ($2.68) EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mizuho Markets Americas LLC increased its stake in shares of Bread Financial by 3.3% during the 4th quarter. Mizuho Markets Americas LLC now owns 312,980 shares of the company’s stock worth $10,310,000 after purchasing an additional 10,075 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock worth $98,823,000 after purchasing an additional 256,221 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bread Financial by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock worth $22,140,000 after purchasing an additional 37,005 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after purchasing an additional 2,241 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Bread Financial by 152.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,935 shares of the company’s stock worth $558,000 after buying an additional 10,232 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $30.51, for a total value of $762,750.00. Following the transaction, the insider now owns 340,702 shares in the company, valued at approximately $10,394,818.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 494,000 shares of company stock worth $16,014,460. 0.20% of the stock is currently owned by company insiders.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 9th will be paid a $0.21 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.84 annualized dividend and a yield of 2.38%. Bread Financial’s dividend payout ratio is presently 5.87%.

Bread Financial Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Bread Financial (NYSE:BFH)

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