The price of Bread Financial Holdings Inc (NYSE: BFH) closed at $36.97 in the last session, up 3.56% from day before closing price of $35.70. In other words, the price has increased by $+1.27 from its previous closing price. On the day, 1058252 shares were traded.
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Ratios:
We take a closer look at BFH’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on January 10, 2024, initiated with a Market Perform rating and assigned the stock a target price of $33.
On January 03, 2024, Evercore ISI Downgraded its rating to Underperform which previously was In-line and also upped its target price recommendation from $29 to $33.
JP Morgan Downgraded its Overweight to Neutral on December 18, 2023, whereas the target price for the stock was revised from $42 to $36.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 29 ’24 when Turtle Creek Asset Management sold 45,000 shares for $35.67 per share. The transaction valued at 1,605,247 led to the insider holds 293,092 shares of the business.
Turtle Creek Asset Management sold 30,000 shares of BFH for $1,065,834 on Jan 26 ’24. The 10% Owner now owns 295,787 shares after completing the transaction at $35.53 per share. On Jan 25 ’24, another insider, Turtle Creek Asset Management , who serves as the 10% Owner of the company, sold 30,000 shares for $32.23 each. As a result, the insider received 966,977 and left with 297,583 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BFH now has a Market Capitalization of 1.83B. As of this moment, Bread’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.58, and their Forward P/E ratio for the next fiscal year is 3.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 1.65 whereas that against EBITDA is 6.08.
Stock Price History:
The Beta on a monthly basis for BFH is 1.93, which has changed by 25.79% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, BFH has reached a high of $41.89, while it has fallen to a 52-week low of $23.19. The 50-Day Moving Average of the stock is 35.96, while the 200-Day Moving Average is calculated to be 33.69.
Shares Statistics:
According to the various share statistics, BFH traded on average about 794.35K shares per day over the past 3-months and 976.68k shares per day over the past 10 days. A total of 49.30M shares are outstanding, with a floating share count of 48.26M. Insiders hold about 2.35% of the company’s shares, while institutions hold 101.73% stake in the company. Shares short for BFH as of Feb 29, 2024 were 4.19M with a Short Ratio of 5.27, compared to 4.09M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.48% and a Short% of Float of 9.64%.
Dividends & Splits
The forward annual dividend rate for BFH is 0.84, which was 0.84 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.35%, it implies a Forward Annual Dividend Yield of 2.27%. The stock’s 5-year Average Dividend Yield is 2.25. The current Payout Ratio is 5.85% for BFH, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 08, 2024. Stock splits for the company last occurred on Nov 08, 2021 when the company split stock in a 1253:1000 ratio.
Earnings Estimates
The company has 13 analysts who recommend its stock at the moment. On average, analysts expect EPS of $3.32 for the current quarter, with a high estimate of $4.94 and a low estimate of $1.83, while EPS last year was $9.08. The consensus estimate for the next quarter is $1.65, with high estimates of $2.5 and low estimates of $0.44.
Analysts are recommending an EPS of between $8.3 and $2.96 for the fiscal current year, implying an average EPS of $7.11. EPS for the following year is $7.87, with 14 analysts recommending between $10.74 and -$1.38.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $1.01B. It ranges from a high estimate of $1.05B to a low estimate of $956M. As of the current estimate, Bread Financial Holdings Inc’s year-ago sales were $1.29B, an estimated decrease of -21.70% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $952.63M, an increase of 0.10% over than the figure of -$21.70% in the same quarter last year. There is a high estimate of $981.2M for the next quarter, whereas the lowest estimate is $901M.
A total of 13 analysts have provided revenue estimates for BFH’s current fiscal year. The highest revenue estimate was $4.21B, while the lowest revenue estimate was $3.58B, resulting in an average revenue estimate of $3.93B. In the same quarter a year ago, actual revenue was $4.29B, down -8.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $3.86B in the next fiscal year. The high estimate is $4.29B and the low estimate is $2.95B. The average revenue growth estimate for next year is down -1.80% from the average revenue estimate for this year.
