FY2024 EPS Forecast for Bread Financial Increased by Analyst

Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) - Zacks Research upped their FY2024 EPS estimates for Bread Financial in a report issued on Thursday, November 7th. Zacks Research analyst T. De now expects that the company will post earnings of $7.54 per share for the year, up from their previous forecast of $7.46. The consensus estimate for Bread Financial's current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Bread Financial's Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.65 EPS, FY2025 earnings at $6.25 EPS, Q1 2026 earnings at $1.47 EPS, Q2 2026 earnings at $2.43 EPS and FY2026 earnings at $8.27 EPS.

Several other analysts have also recently weighed in on the company. Evercore ISI lifted their price objective on Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Bread Financial from $48.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Compass Point boosted their price target on Bread Financial from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their price target on shares of Bread Financial from $40.00 to $53.00 and gave the stock a "sell" rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada increased their target price on Bread Financial from $47.00 to $58.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial has an average rating of "Hold" and an average target price of $49.64.

Bread Financial Trading Up 1.3 %

Shares of NYSE:BFH traded up $0.79 on Monday, hitting $59.86. The company had a trading volume of 352,897 shares, compared to its average volume of 853,815. The firm's 50-day simple moving average is $51.15 and its two-hundred day simple moving average is $47.69. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 9.41 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 1 year low of $26.27 and a 1 year high of $63.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same quarter in the prior year, the business posted $3.46 earnings per share. Bread Financial's quarterly revenue was down 4.7% compared to the same quarter last year.

Hedge Funds Weigh In On Bread Financial

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Bread Financial by 6.2% in the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company's stock valued at $239,000 after purchasing an additional 278 shares during the period. Arizona State Retirement System lifted its holdings in shares of Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company's stock worth $617,000 after purchasing an additional 279 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Bread Financial by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company's stock valued at $639,000 after acquiring an additional 369 shares during the last quarter. Finally, Point72 DIFC Ltd increased its stake in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock worth $77,000 after acquiring an additional 397 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insider Activity

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were purchased at an average cost of $51.02 per share, for a total transaction of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares in the company, valued at approximately $330,252.46. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.62% of the company's stock.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, November 8th. Bread Financial's payout ratio is 13.38%.

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.