Analysts forecast that OneMain Holdings Inc (NYSE:OMF) will report earnings per share (EPS) of $1.18 for the current quarter, Zacks reports. Four analysts have issued estimates for OneMain’s earnings, with estimates ranging from $1.07 to $1.29. OneMain reported earnings per share of $0.76 in the same quarter last year, which would suggest a positive year-over-year growth rate of 55.3%. The company is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that OneMain will report full year earnings of $4.91 per share for the current year, with EPS estimates ranging from $4.77 to $5.09. For the next financial year, analysts forecast that the company will report earnings of $5.50 per share, with EPS estimates ranging from $5.18 to $5.77. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover OneMain.
OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The company had revenue of $799.00 million for the quarter, compared to analyst estimates of $798.70 million. OneMain had a net margin of 5.06% and a return on equity of 15.04%. OneMain’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.80 EPS.
A number of brokerages have weighed in on OMF. Janney Montgomery Scott upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, March 1st. JPMorgan Chase & Co. downgraded shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research note on Friday, January 12th. Zacks Investment Research raised shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, January 31st. Bank of America raised shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Thursday, January 4th. Finally, Barclays reissued a “hold” rating and issued a $35.00 target price on shares of OneMain in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.58.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in OneMain by 21.5% during the 4th quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock worth $72,891,000 after buying an additional 497,067 shares during the period. Basswood Capital Management L.L.C. increased its stake in OneMain by 62.9% during the 4th 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 buying an additional 1,068,203 shares during the period. Brandywine Global Investment Management LLC increased its stake in OneMain by 25.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 2,208,738 shares of the financial services provider’s stock worth $57,406,000 after buying an additional 451,199 shares during the period. Dimensional Fund Advisors LP increased its stake in OneMain by 22.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock worth $53,231,000 after buying an additional 344,126 shares during the period. Finally, Eaton Vance Management increased its stake in OneMain by 62.0% during the 4th quarter. Eaton Vance Management now owns 1,550,833 shares of the financial services provider’s stock worth $40,306,000 after buying an additional 593,268 shares during the period. 94.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of OneMain (NYSE OMF) traded down $0.48 on Wednesday, hitting $30.88. 284,299 shares of the company’s stock were exchanged, compared to its average volume of 959,747. The firm has a market cap of $4,252.55, a price-to-earnings ratio of 22.93, a PEG ratio of 1.28 and a beta of 2.79. OneMain has a 52 week low of $22.04 and a 52 week high of $36.32.
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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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