Bread Financial Holdings, Inc. to Post Fiscal 2023 Earnings of $14.17 Per Share, Oppenheimer Forecasts (NYSE:BFH)

Bread Financial Holdings, Inc. (NYSE: BFH – Get a rating) – Oppenheimer stock analysts cut their FY2023 EPS estimates for Bread Financial shares in a report released Thursday, July 28. Oppenheimer analyst D. Gabriele now expects the company to earn $14.17 per share for the year, down from his previous forecast of $14.74. Bread Financial’s current annual earnings consensus estimate is $11.25 per share.

Bread Financial (NYSE: BFH – Get a rating) last released its quarterly results on Thursday, July 28. The company reported earnings per share of $0.25 for the quarter, missing analyst consensus estimates of $2.38 per ($2.13). The company posted revenue of $893.00 million for the quarter, versus analyst estimates of $906.46 million. Bread Financial had a return on equity of 36.46% and a net margin of 18.26%. The company’s revenue for the quarter was down 11.8% year over year. In the same quarter of the previous year, the company achieved EPS of $5.84.

Several other analysts have also recently commented on the stock. Morgan Stanley cut its price target on Bread Financial shares from $67.00 to $45.00 and set an “equal weight” rating for the company in a Tuesday, July 12 research note. TheStreet upgraded Bread Financial’s shares from a “c” rating to a “d+” rating in a research rating on Thursday. Deutsche Bank Aktiengesellschaft cut its target price on Bread Financial shares from $80.00 to $60.00 in a research note on Friday. Finally, Keefe, Bruyette & Woods reduced their target price on Bread Financial shares from $100.00 to $81.00 in a Monday July 11 research note.

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NYSE:BFH shares opened at $39.61 on Monday. The company has a market capitalization of $1.97 billion, a PE ratio of 2.74, a P/E/G ratio of 0.21 and a beta of 2.06. The stock’s fifty-day simple moving average is $44.61. The company has a debt ratio of 0.87, a quick ratio of 1.16 and a current ratio of 1.16. Bread Financial has a 1-year low of $34.55 and a 1-year high of $106.08.

Bread Financial announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16. Shareholders of record on Friday August 12 will receive a dividend of $0.21. The ex-date of this dividend is Thursday, August 11. This represents a dividend of $0.84 on an annualized basis and a dividend yield of 2.12%. Bread Financial’s dividend payout ratio is currently 5.80%.

Bread Financial Company Profile

(Get a rating)

Bread Financial Holdings, Inc. provides payment and term lending technology solutions to customers and consumer industries in North America. It provides credit card and other loan financing services, including risk management solutions, account creation and financing services for approximately 130 private label and co-branded credit card programs, as well as through the through Bread partnerships to approximately 500 small and medium enterprises. merchants; and Comenity branded general purpose cash back credit.

Further reading

Earnings history and estimates for Bread Financial (NYSE:BFH)

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