Equities analysts expect that OneMain Holdings Inc (NYSE:OMF) will report earnings of $1.57 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for OneMain’s earnings. The lowest EPS estimate is $1.49 and the highest is $1.62. OneMain posted earnings per share of $1.31 during the same quarter last year, which would indicate a positive year over year growth rate of 19.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.
On average, analysts expect that OneMain will report full-year earnings of $6.16 per share for the current financial year, with EPS estimates ranging from $5.99 to $6.29. For the next financial year, analysts expect that the company will report earnings of $6.49 per share, with EPS estimates ranging from $6.25 to $6.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for OneMain.
OneMain (NYSE:OMF) last announced its earnings results on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.27. The business had revenue of $762.00 million during the quarter, compared to the consensus estimate of $743.08 million. OneMain had a net margin of 15.98% and a return on equity of 19.99%. During the same period in the previous year, the company posted $1.18 earnings per share.
Several equities analysts have recently issued reports on OMF shares. JPMorgan Chase & Co. upgraded shares of OneMain from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $37.50 to $41.00 in a report on Tuesday, July 16th. Piper Jaffray Companies set a $48.00 price objective on shares of OneMain and gave the company a “buy” rating in a report on Wednesday, July 31st. Cowen cut their price objective on shares of OneMain from $10.00 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. Wedbush upgraded shares of OneMain from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $35.00 to $45.00 in a report on Tuesday, July 30th. Finally, Northland Securities upgraded shares of OneMain from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $40.00 in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.64.
OMF opened at $35.78 on Wednesday. OneMain has a 52-week low of $22.47 and a 52-week high of $43.28. The company has a market cap of $4.70 billion, a P/E ratio of 6.07, a price-to-earnings-growth ratio of 0.56 and a beta of 2.37. The firm’s 50-day moving average price is $36.80 and its 200-day moving average price is $34.76.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. OneMain’s dividend payout ratio is currently 19.76%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in OneMain in the second quarter valued at approximately $32,000. Bank of Montreal Can boosted its position in OneMain by 164.5% in the second quarter. Bank of Montreal Can now owns 2,182 shares of the financial services provider’s stock valued at $74,000 after buying an additional 1,357 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in OneMain in the second quarter valued at approximately $263,000. Zebra Capital Management LLC boosted its position in OneMain by 5.6% in the second quarter. Zebra Capital Management LLC now owns 8,253 shares of the financial services provider’s stock valued at $279,000 after buying an additional 437 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in OneMain in the second quarter valued at approximately $372,000. Hedge funds and other institutional investors own 82.64% of the company’s stock.
OneMain Company Profile
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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