On September 18, 2023, we take a look at Bread Financial (NYSE:BFH) and its most recent stock analysis. The company recently released its quarterly earnings data on July 27th, providing valuable insights into its financial performance.
During the quarter, Bread Financial reported earnings per share (EPS) of $1.27, surpassing analysts’ consensus estimates of $0.23 by a sizable margin of $1.04. This impressive achievement demonstrates the company’s ability to generate strong profits during this period. Moreover, the firm’s return on equity stood at an admirable 20.52%, indicating efficient utilization of shareholders’ investments. Additionally, Bread Financial achieved a net margin of 10.05%, highlighting its ability to control costs and generate profit from its operations.
Furthermore, the company generated revenue of $952.00 million for the quarter, significantly exceeding the consensus estimate of $0.41 million. This robust revenue growth points towards a strong market presence for Bread Financial and suggests that their product offerings have been well-received by consumers.
In recent news related to Bread Financial, Director Roger H. Ballou acquired 2,400 shares of the company’s stock in a transaction on July 31st. The shares were purchased at an average cost of $41.78 per share, resulting in a total transaction amounting to $100,272.00. It is worth noting that following this purchase, Director Ballou now holds 34,842 shares in Bread Financial with an approximate value of $1,455,698.76. It is important to disclose such insider transactions as they can provide insight into the confidence and belief that key individuals within the company have in its future prospects.
As investors evaluate potential opportunities in the stock market, it is crucial to consider genuine analysis and insights into companies like Bread Financial for informed decision-making purposes.
Please note that this article provides information based on the referenced date of September 18, 2023. For the most up-to-date information, users are encouraged to consult reliable financial sources and official company reports.
Bread Financial Holdings, Inc.
Updated on: 19/09/2023
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Bread Financial Receives Boost in Q1 2024 Earnings Estimates as Confidence Grows
Bread Financial Holdings, Inc. (NYSE:BFH) has recently received a boost in its Q1 2024 earnings per share estimates, according to stock analysts at Zacks Research. The research firm’s analyst, T. De, now projects that Bread Financial will earn $2.67 per share for the quarter, which is an increase from their previous estimate of $2.47.
This positive adjustment in earnings estimates reflects the growing confidence in Bread Financial’s financial performance and potential for the near future. Additionally, Zacks Research also provided estimates for Bread Financial’s Q1 2025 earnings at $1.70 per share and FY2025 earnings at $6.27 per share.
It is worth noting that several other equities analysts have also recently weighed in on Bread Financial’s prospects. Royal Bank of Canada downgraded the company from an “outperform” rating to a “sector perform” rating and revised their price target down from $46.00 to $43.00 in a research report released on September 5th. On the other hand, JPMorgan Chase & Co. increased their price objective from $41.00 to $49.00 and gave Bread Financial an “overweight” rating in another research report published on August 22nd. Raymond James reaffirmed a “sector perform” rating and lowered their price objective from $46 to $43 on September 5th.
Overall, six analysts have rated the stock as a hold while two have assigned it a buy rating, resulting in an average rating of “Hold” with an average target price of $42.13 according to Bloomberg.
In recent news regarding Bread Financial, Director Roger H. Ballou acquired 2,400 shares of the company’s stock on July 31st at an average cost of $41.78 per share, amounting to a total transaction value of $100,272. Following this purchase, Ballou now owns 34,842 shares in the company, valued at around $1,455,698.76. This acquisition was disclosed in a filing with the SEC.
On Monday, NYSE BFH opened at $34.99 with a market capitalization of $1.76 billion. Bread Financial currently has a price-to-earnings ratio of 3.49 and a price-to-earnings-growth ratio of 0.08, indicating its attractive valuation relative to its growth prospects. The stock’s beta stands at 1.97.
Looking at the company’s recent financial position, Bread Financial reported a 12-month low of $23.19 and a 12-month high of $44.52. The company maintains a current ratio and quick ratio of 1.17 each while boasting a debt-to-equity ratio of 0.50.
Regarding institutional investors’ positions in Bread Financial, several hedge funds have made modifications recently. Vanguard Group Inc., for example, acquired a new stake in the company during the third quarter valued at approximately $155,419,000. BlackRock Inc. also purchased shares of Bread Financial in the third quarter amounting to $153,464,000.
Wellington Management Group LLP has significantly increased its position since the first quarter by acquiring an additional 2,567,157 shares which brings their total ownership to 2,667,897 shares valued at $80,891,000.
State Street Corp entered into their position during the third quarter with an investment worth $52,807,000 while Macquarie Group Ltd.’s holding experienced significant growth in the fourth quarter as they now own 1,251,+5 shares worth $47 million.
At present time , approximately 99% if Bread Financial is owned by hedge funds and other institutional investors.
As September unfolds and we move towards Q1 2024 results announcement, investors will closely monitor Bread Financial’s financial performance while considering the insights provided by analysts and institutional investors.