Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) – Research analysts at William Blair cut their Q3 2023 earnings estimates for Bread Financial in a research report issued to clients and investors on Thursday, January 26th. William Blair analyst R. Napoli now anticipates that the company will post earnings of $1.95 per share for the quarter, down from their prior estimate of $2.06. The consensus estimate for Bread Financial's current full-year earnings is $11.31 per share.
Get Bread Financial alerts:A number of other brokerages also recently issued reports on BFH. Royal Bank of Canada lifted their price target on shares of Bread Financial from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, October 28th. Stephens upgraded shares of Bread Financial from an "equal weight" rating to an "overweight" rating and set a $64.00 price target for the company in a research note on Thursday, January 5th. Credit Suisse Group lifted their price target on shares of Bread Financial from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, October 28th. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $39.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, October 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.00.
Bread Financial Trading Up 4.1 %
Shares of BFH stock opened at $41.03 on Monday. Bread Financial has a fifty-two week low of $28.85 and a fifty-two week high of $74.80. The company has a 50 day moving average price of $38.81 and a 200 day moving average price 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. The stock has a market capitalization of $2.05 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.20 and a beta of 1.96.Bread Financial (NYSE:BFH – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The company reported ($2.68) earnings per share for the quarter, beating analysts' consensus estimates of ($3.67) by $0.99. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.01 billion. Bread Financial had a net margin of 5.13% and a return on equity of 9.69%. The business's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share.
Bread Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, February 10th will be given a $0.21 dividend. The ex-dividend date is Thursday, February 9th. This represents a $0.84 annualized dividend and a yield of 2.05%. Bread Financial's dividend payout ratio (DPR) is 18.83%.
Institutional Trading of Bread Financial
Institutional investors and hedge funds have recently bought and sold shares of the business. Versor Investments LP purchased a new stake in Bread Financial in the 3rd quarter valued at $532,000. State of Alaska Department of Revenue purchased a new stake in Bread Financial in the 3rd quarter valued at $224,000. Texas Permanent School Fund purchased a new stake in Bread Financial in the 3rd quarter valued at $1,126,000. Brooktree Capital Management acquired a new position in Bread Financial in the 3rd quarter valued at $4,098,000. Finally, Eukles Asset Management acquired a new position in Bread Financial in the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 96.62% of the company's stock.
Bread Financial Company Profile
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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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