OneMain Holdings, Inc. (OMF) Forecasted to Earn Q3 2017 Earnings of $1.01 Per Share
OneMain Holdings, Inc. (NYSE:OMF) – Jefferies Group decreased their Q3 2017 earnings per share estimates for OneMain Holdings in a report released on Friday. Jefferies Group analyst J. Hecht now anticipates that the financial services provider will post earnings per share of $1.01 for the quarter, down from their prior estimate of $1.09. Jefferies Group currently has a “Buy” rating and a $30.00 target price on the stock. Jefferies Group also issued estimates for OneMain Holdings’ Q4 2017 earnings at $1.18 EPS, FY2017 earnings at $3.76 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $0.90 EPS and FY2018 earnings at $4.35 EPS.
A number of other research analysts also recently commented on OMF. Northland Securities reaffirmed a “hold” rating and set a $30.00 target price on shares of OneMain Holdings in a report on Friday. ValuEngine downgraded OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Barclays PLC increased their target price on OneMain Holdings from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday. Zacks Investment Research downgraded OneMain Holdings from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 target price on shares of OneMain Holdings in a report on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently 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. The firm has a 50-day moving average price of $24.94 and a 200-day moving average price of $24.59. The stock has a market cap of $3.66 billion, a PE ratio of 29.07 and a beta of 2.85. OneMain Holdings has a 52 week low of $16.03 and a 52 week high of $32.28.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.08. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.40%. The firm had revenue of $569 million during the quarter, compared to analysts’ expectations of $631.92 million. During the same quarter in the prior year, the firm posted $0.96 EPS.
Several hedge funds have recently made changes to their positions in the company. SignalPoint Asset Management LLC increased its stake in shares of 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 bought a new stake in shares of OneMain Holdings during the first quarter valued at about $22,362,000. Wells Fargo & Company MN increased its stake in shares of 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. increased its stake in shares of 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 increased its stake in shares of 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 and hedge funds.
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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