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

Bread Financial Holdings, Inc. (NYSE:BFH) – Investment analysts at Seaport Res Ptn decreased 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 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 $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.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of ($0.67) by $1.57. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.36 million. During the same quarter in the prior year, the firm earned ($2.68) EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets dropped 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 note on Monday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Wolfe Research raised 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 note on Thursday, April 4th. Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and increased their price target for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Finally, Barclays dropped their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock 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. Bread Financial has a 12-month low of $23.19 and a 12-month high of $41.89. The stock has a market cap of $1.64 billion, a PE ratio of 2.32, a P/E/G ratio of 0.12 and a beta of 1.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $36.72 and a 200 day moving average of $32.87.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.53%. Bread Financial’s payout ratio is 5.87%.

Insider Activity at Bread Financial

In related news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $35.67, for a total value of $1,605,150.00. Following the transaction, the insider now directly owns 293,092 shares of the company’s stock, valued at approximately $10,454,591.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 135,000 shares of company stock valued at $4,522,050 in the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its position in Bread Financial by 169.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock worth $31,000 after purchasing an additional 530 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Bread Financial during the 3rd quarter worth $44,000. Steward Partners Investment Advisory LLC boosted its holdings 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 valued at $38,000 after acquiring an additional 300 shares in the last quarter. Quarry LP boosted its holdings in shares of Bread Financial by 903.7% in the first quarter. Quarry LP now owns 1,887 shares of the company’s stock valued at $57,000 after acquiring an additional 1,699 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Bread Financial in the second quarter valued at about $62,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.