OneMain Holdings Inc (NYSE:OMF) – Analysts at Wedbush issued their Q1 2018 EPS estimates for OneMain in a research report issued to clients and investors on Tuesday. Wedbush analyst H. Coffey forecasts that the financial services provider will post earnings per share of $1.07 for the quarter. Wedbush also issued estimates for OneMain’s Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $1.40 EPS and Q1 2019 earnings at $1.17 EPS.
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, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The firm had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue was up 11.9% on a year-over-year basis.
OMF has been the subject of several other reports. JPMorgan Chase & Co. cut shares of 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. ValuEngine lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Northland Securities reaffirmed a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research note on Friday, November 3rd. Compass Point lowered shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.58.
OneMain (NYSE:OMF) opened at $31.46 on Thursday. OneMain has a 12-month low of $22.04 and a 12-month high of $36.32. The stock has a market cap of $4,203.73, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.26 and a beta of 2.86.
In related news, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The disclosure for this sale can be found here. Corporate insiders own 57.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gotham Asset Management LLC bought a new position in OneMain during the fourth quarter worth $367,000. Flinton Capital Management LLC bought a new position in OneMain during the fourth quarter worth $422,000. Meadow Creek Investment Management LLC bought a new position in OneMain during the fourth quarter worth $199,000. Cornerstone Capital Management Holdings LLC. bought a new position in OneMain during the fourth quarter worth $164,000. Finally, Elkfork Partners LLC bought a new position in OneMain during the fourth quarter worth $348,000.
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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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