Wall Street analysts predict that OneMain Holdings, Inc. (NYSE:OMF) will announce $1.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for OneMain’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.05. OneMain reported earnings of $0.80 per share during the same quarter last year, which indicates a positive year over year growth rate of 31.3%. The firm is scheduled to report its next earnings report on Monday, February 12th.
On average, analysts expect that OneMain will report full-year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.75. For the next financial year, analysts forecast that the firm will report earnings of $4.13 per share, with EPS estimates ranging from $4.00 to $4.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow OneMain.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain had a net margin of 4.85% and a return on equity of 14.15%. The business had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Compass Point cut shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research note on Friday, November 3rd. Northland Securities reiterated a “hold” rating and issued a $35.00 target price on shares of OneMain in a research note on Friday, November 3rd. BMO Capital Markets boosted their target price on shares of OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Bank of America set a $35.00 target price on shares of OneMain and gave the company a “buy” rating in a research note on Friday, October 13th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.21.
In other news, Director Wesley R. Edens sold 10,000,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 57.73% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Utah Retirement Systems grew its holdings in shares of OneMain by 1.0% in the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 100 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of OneMain by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 334 shares during the period. AQR Capital Management LLC grew its holdings in shares of OneMain by 1.0% in the first quarter. AQR Capital Management LLC now owns 52,543 shares of the financial services provider’s stock valued at $1,306,000 after purchasing an additional 506 shares during the period. Stifel Financial Corp grew its holdings in shares of OneMain by 5.1% in the second quarter. Stifel Financial Corp now owns 11,175 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 547 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of OneMain by 12.0% in the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 779 shares during the period. 95.85% of the stock is owned by institutional investors and hedge funds.
OneMain (NYSE OMF) traded down $0.45 on Friday, hitting $25.64. 1,268,400 shares of the company traded hands, compared to its average volume of 644,785. OneMain has a 1 year low of $20.58 and a 1 year high of $33.39. The firm has a market cap of $3,530.14, a PE ratio of 7.95, a P/E/G ratio of 1.48 and a beta of 2.72.
OneMain Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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