Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) – Analysts at Seaport Res Ptn issued their Q1 2023 EPS estimates for shares of Bread Financial in a report issued on Monday, January 30th. Seaport Res Ptn analyst W. Ryan anticipates that the company will post earnings of $7.58 per share for the quarter. The consensus estimate for Bread Financial's current full-year earnings is $10.68 per share. Seaport Res Ptn also issued estimates for Bread Financial's Q2 2023 earnings at $0.56 EPS, Q3 2023 earnings at $1.79 EPS, Q4 2023 earnings at ($1.07) EPS, FY2023 earnings at $8.85 EPS and FY2024 earnings at $10.35 EPS.
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Bread Financial (NYSE:BFH – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The company reported ($2.68) EPS for the quarter, topping the consensus estimate of ($3.67) by $0.99. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Bread Financial had a net margin of 5.13% and a return on equity of 9.69%. The firm's revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS.
Several other brokerages have also commented on BFH. JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, October 25th. Morgan Stanley cut their price target on shares of Bread Financial from $45.00 to $39.00 and set an "equal weight" rating for the company in a report on Wednesday, October 5th. Royal Bank of Canada upped their target price on shares of Bread Financial from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 28th. Stephens raised shares of Bread Financial from an "equal weight" rating to an "overweight" rating and set a $64.00 target price for the company in a report on Thursday, January 5th. Finally, The Goldman Sachs Group upped their target price on shares of Bread Financial from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, October 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.
Bread Financial Price Performance
Shares of NYSE BFH opened at $38.07 on Wednesday. The firm has a market cap of $1.90 billion, a PE ratio of 8.54, a PEG ratio of 0.20 and a beta of 1.96. The firm has a fifty day moving average of $38.77 and a 200 day moving average of $37.87. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.14. Bread Financial has a one year low of $28.85 and a one year high of $74.80.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Bread Financial by 6.6% during the 4th quarter. Bank of Montreal Can now owns 6,246 shares of the company's stock valued at $241,000 after acquiring an additional 386 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Bread Financial by 19.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,994 shares of the company's stock valued at $263,000 after acquiring an additional 1,134 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Bread Financial during the 4th quarter valued at about $332,000. New York State Common Retirement Fund boosted its position in shares of Bread Financial by 22.3% during the 4th quarter. New York State Common Retirement Fund now owns 91,743 shares of the company's stock valued at $3,455,000 after acquiring an additional 16,719 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in Bread Financial by 12.8% in the fourth quarter. New York State Teachers Retirement System now owns 67,172 shares of the company's stock valued at $2,530,000 after buying an additional 7,632 shares during the last quarter. Institutional investors and hedge funds own 96.62% of the company's stock.
Bread Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 10th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, February 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.21%. Bread Financial's payout ratio is 18.83%.
About Bread Financial
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Bread Financial Holdings, Inc engages in the provision of data-driven and transaction-based marketing, customer loyalty and payment solutions. Its products and services include credit cards, loan financing, processing, and servicing, marketing, data and analytics, and digital offerings. The company was founded in 1996 and is headquartered in Columbus, OH.
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