OneMain Holdings, Inc. (NYSE:OMF) Forecasted to Earn Q3 2017 Earnings of $1.03 Per Share
OneMain Holdings, Inc. (NYSE:OMF) – DA Davidson decreased their Q3 2017 earnings per share estimates for OneMain Holdings in a report released on Thursday. DA Davidson analyst A. Cyganovich now anticipates that the financial services provider will post earnings per share of $1.03 for the quarter, down from their prior estimate of $1.05. DA Davidson currently has a “Buy” rating and a $31.00 target price on the stock. DA Davidson also issued estimates for OneMain Holdings’ Q4 2017 earnings at $1.15 EPS, FY2017 earnings at $3.75 EPS, Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.24 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $4.39 EPS and FY2019 earnings at $4.92 EPS.
OMF has been the topic of a number of other research reports. Zacks Investment Research lowered OneMain Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Barclays PLC upped their price objective on OneMain Holdings from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of OneMain Holdings in a report on Friday, July 14th. ValuEngine raised OneMain Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 price objective on shares of OneMain Holdings in a report on Tuesday, April 11th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.53.
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Shares of OneMain Holdings (NYSE:OMF) opened at 27.06 on Monday. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $32.28. The company has a 50-day moving average of $24.94 and a 200-day moving average of $24.59. The firm has a market cap of $3.66 billion, a PE ratio of 29.07 and a beta of 2.85.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. OneMain Holdings had a return on equity of 14.40% and a net margin of 3.63%. The firm had revenue of $569 million for the quarter, compared to analyst estimates of $631.92 million. During the same period in the previous year, the business earned $0.96 EPS.
A number of hedge funds have recently bought and sold shares of OMF. SignalPoint Asset Management LLC raised its stake in OneMain Holdings by 6.6% in the first quarter. SignalPoint Asset Management LLC now owns 19,593 shares of the financial services provider’s stock valued at $487,000 after buying an additional 1,212 shares during the period. Wedge Capital Management L L P NC purchased a new stake in OneMain Holdings during the first quarter valued at $22,362,000. Wells Fargo & Company MN raised its stake in OneMain Holdings by 31.2% in the first quarter. Wells Fargo & Company MN now owns 40,532 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 9,635 shares during the period. Russell Investments Group Ltd. raised its stake in OneMain Holdings by 153.8% in the first quarter. Russell Investments Group Ltd. now owns 56,521 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 34,247 shares during the period. Finally, Sippican Capital Advisors raised its stake in OneMain Holdings by 4.2% in the first quarter. Sippican Capital Advisors now owns 28,630 shares of the financial services provider’s stock valued at $711,000 after buying an additional 1,160 shares during the period. 95.30% of the stock is currently owned by institutional investors.
OneMain Holdings 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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