Wedbush Comments on OneMain Holdings Inc.’s Q3 2016 Earnings (OMF)
OneMain Holdings Inc. (NYSE:OMF) – Equities researchers at Wedbush issued their Q3 2016 earnings per share (EPS) estimates for OneMain Holdings in a report issued on Monday. Wedbush analyst H. Coffey forecasts that the brokerage will post earnings of $1.10 per share for the quarter. Wedbush currently has a “Outperform” rating and a $45.00 target price on the stock. Wedbush also issued estimates for OneMain Holdings’ Q4 2016 earnings at $1.13 EPS, FY2016 earnings at $4.25 EPS, Q1 2017 earnings at $1.24 EPS, Q2 2017 earnings at $1.43 EPS, Q3 2017 earnings at $1.50 EPS, Q4 2017 earnings at $1.58 EPS, FY2017 earnings at $5.75 EPS and FY2018 earnings at $6.50 EPS.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of OneMain Holdings in a report on Monday, September 12th. They issued an “overweight” rating and a $38.00 price target on the stock. Barclays PLC reissued an “overweight” rating and set a $36.00 price objective on shares of OneMain Holdings in a research report on Friday, July 15th. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Credit Suisse Group AG reissued a “buy” rating on shares of OneMain Holdings in a research report on Friday, August 5th. Finally, Jefferies Group reissued a “buy” rating and set a $40.00 price objective on shares of OneMain Holdings in a research report on Sunday, July 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $40.20.
OneMain Holdings (NYSE:OMF) traded down 2.95% during trading on Thursday, reaching $28.97. 223,393 shares of the company traded hands. The company’s 50-day moving average price is $30.43 and its 200 day moving average price is $28.61. OneMain Holdings has a 52 week low of $18.55 and a 52 week high of $51.39. The firm’s market capitalization is $3.90 billion.
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OneMain Holdings (NYSE:OMF) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same quarter in the prior year, the business posted $0.38 EPS.
A number of institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new position in OneMain Holdings during the third quarter worth about $267,000. Springowl Associates LLC bought a new stake in shares of OneMain Holdings during the second quarter worth $984,000. Legal & General Group Plc increased its stake in shares of OneMain Holdings by 131.6% in the second quarter. Legal & General Group Plc now owns 7,625 shares of the company’s stock worth $174,000 after buying an additional 4,332 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of OneMain Holdings during the second quarter worth $770,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of OneMain Holdings by 60.1% in the second quarter. Cubist Systematic Strategies LLC now owns 20,902 shares of the company’s stock worth $477,000 after buying an additional 7,848 shares during the last quarter. 99.17% of the stock is currently owned by institutional investors.
About OneMain Holdings
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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