Seaport Res Ptn Discusses Bread Financial Holdings, Inc.’s Fiscal Year 2022 Earnings (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) – Investment analysts at Seaport Res Ptn lowered their FY2022 earnings per share forecast for Bread Financial in a note to investors Wednesday, November 23. Seaport Res Ptn analyst W. Ryan predicts the company will report earnings per share for the year at $4.95, below its previous estimate of $5.35. The consensus estimate for Bread Financial’s current full-year earnings is $4.79 per share.

Bread Financial (NYSE:BFH – Get Rating) last announced earnings results on Thursday, October 27. The company reported an EPS of $2.69 for the quarter, missing the consensus estimate of $2.86 ($0.17). The company had revenue of $979.00 million for the quarter, compared to analyst estimates of $976.21 million. Bread Financial had a return on equity of 18.52% and a net profit margin of 9.43%. The business’ quarterly revenue increased by 15.0% year over year. For the same quarter last year, the business reported earnings per share of $4.47.

Other stock research analysts have also recently published research reports on the company. Stephens lowered the price target on Bread Financial to $64.00 in a research note Tuesday, September 20. Goldman Sachs Group raised its target price on Bread Financial from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note Friday, Oct. JPMorgan Chase & Co. increased its price target on Bread Financial to $55.00 from $54.00 and graded the company “overweight” in a research note Tuesday, October 25. Morgan Stanley lowered its price target on Bread Financial shares from $45.00 to $39.00 and set an “equal weight” rating for the company in a research report Wednesday (October 5th). Most recently, Credit Suisse Group increased its price target on Bread Financial shares from $38.00 to $40.00 and gave the company a “neutral” rating in a research report Friday, Oct. Three stock research analysts rated the stock by holding rating, and two rated the company’s stock a buy. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.00.

Bread Financial Price Performance

Shares of BFH opened at $39.63 on Thursday. The company’s quick ratio is 1.19, current ratio is 1.19 and debt-to-equity ratio is 0.80. Bread Financial has a twelve-month low of $28.85 and a twelve-month high of $77.08. The company’s 50-day moving average is $34.54 and its 200-day moving average is $40.39. The stock has a market cap of $1.98 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.45, and a beta of 1.98.

Institutional Investors Focus on Bread Finance

Institutional investors have recently changed their holdings in the business. The Kentucky State Teachers’ Pension System took a new position in the third quarter of approximately $267,000 in Bread Financial shares. California State Teachers Retirement System purchased a new position in the third quarter worth approximately $2,011,000 in Bread Financial shares. Retirement Systems of Alabama purchased a new position in Bread Financial stock worth approximately $2,052,000 in the third quarter. Captrust Financial Advisors purchased a new stake of approximately $227,000 in Bread Financial shares in the third quarter. Finally, Balyasny Asset Management LLC purchased a new share of Bread Financial shares in the third quarter, worth approximately $17,916,000. Institutional investors own 95.66% of the company’s shares.

Bread Financial Announces It Will Pay Dividends

The company also recently announced a quarterly dividend payable on Friday, December 16. Registered shareholders will receive a $0.21 dividend per share on Monday, November 14. This represents an annual dividend of $0.84 and a dividend yield of 2.12%. The ex-dividend date for this dividend is Thursday, November 10. Bread Financial’s dividend payout ratio is currently 11.23%.


About Bread Finance

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Bread Financial Holdings, Inc. provides cutting-edge payment and lending solutions to customers and consumer-based industries in North America. It offers approximately 130 private label and co-branded credit card programs, as well as credit card and other loan financing services, including risk management solutions, account creation and financing services, to approximately 500 small and medium-sized businesses through its Bread partnerships. traders; and Comenity branded general purpose repayment loan.

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

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