$659.82 Million in Sales Expected for OneMain Holdings Inc (OMF) This Quarter

Analysts forecast that OneMain Holdings Inc (NYSE:OMF) will announce sales of $659.82 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for OneMain’s earnings, with the lowest sales estimate coming in at $642.20 million and the highest estimate coming in at $687.00 million. OneMain reported sales of $557.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The business is expected to announce its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that OneMain will report full year sales of $659.82 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.85 billion. For the next year, analysts anticipate that the firm will post sales of $3.05 billion per share. Zacks’ sales calculations are an average based on a survey of research analysts that follow OneMain.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The company had revenue of $799.00 million during the quarter, compared to analyst estimates of $798.70 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lowered OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price target for the company. in a research report on Friday, January 12th. Northland Securities reiterated a “hold” rating and set a $35.00 price target on shares of OneMain in a research report on Friday, November 3rd. Compass Point upgraded OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Barclays reiterated a “hold” rating and set a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $34.62.

Shares of OneMain (NYSE OMF) traded up $1.04 during mid-day trading on Friday, reaching $33.35. The company’s stock had a trading volume of 1,555,029 shares, compared to its average volume of 1,060,560. OneMain has a one year low of $22.04 and a one year high of $36.32. The firm has a market cap of $4,289.23, a price-to-earnings ratio of 26.47, a PEG ratio of 1.38 and a beta of 2.86.

In other news, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. 57.73% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in OMF. Basswood Capital Management L.L.C. raised its position in shares of OneMain by 62.9% during the fourth quarter. Basswood Capital Management L.L.C. now owns 2,765,855 shares of the financial services provider’s stock worth $71,885,000 after purchasing an additional 1,068,203 shares during the period. Dimensional Fund Advisors LP raised its position in shares of OneMain by 77.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 676,203 shares during the period. Eaton Vance Management raised its position in shares of OneMain by 62.0% during the fourth quarter. Eaton Vance Management now owns 1,550,833 shares of the financial services provider’s stock worth $40,306,000 after purchasing an additional 593,268 shares during the period. BlackRock Inc. raised its position in shares of OneMain by 21.5% during the fourth quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock worth $72,891,000 after purchasing an additional 497,067 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in shares of OneMain by 25.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,208,738 shares of the financial services provider’s stock worth $57,406,000 after purchasing an additional 451,199 shares during the period. 95.99% of the stock is currently owned by institutional investors.

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About OneMain

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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