$664.26 Million in Sales Expected for OneMain Holdings, Inc. (OMF) This Quarter
Analysts expect OneMain Holdings, Inc. (NYSE:OMF) to report sales of $664.26 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for OneMain Holdings’ earnings, with the highest sales estimate coming in at $685.30 million and the lowest estimate coming in at $652.25 million. OneMain Holdings reported sales of $555.00 million in the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The firm is expected to issue its next earnings report on Monday, November 6th.
According to Zacks, analysts expect that OneMain Holdings will report full year sales of $664.26 million for the current fiscal year, with estimates ranging from $2.55 billion to $2.64 billion. For the next year, analysts anticipate that the firm will report sales of $2.81 billion per share, with estimates ranging from $2.68 billion to $2.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover OneMain Holdings.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $0.08. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. The company 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 business posted $0.96 EPS.
Several analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 price target (up previously from $30.00) on shares of OneMain Holdings in a research note on Wednesday. ValuEngine cut shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. Northland Securities reissued a “hold” rating and issued a $30.00 price target on shares of OneMain Holdings in a research note on Friday, August 4th. Zacks Investment Research cut shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Barclays PLC set a $30.00 price target on shares of OneMain Holdings and gave the company a “hold” rating in a research note on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.06.
Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in OneMain Holdings by 7.9% in the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after buying an additional 789,858 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of OneMain Holdings by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after buying an additional 172,224 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of OneMain Holdings by 77.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock valued at $37,971,000 after buying an additional 676,203 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of OneMain Holdings by 4.3% in the first quarter. Clearbridge Investments LLC now owns 1,416,116 shares of the financial services provider’s stock valued at $35,190,000 after buying an additional 58,933 shares in the last quarter. Finally, Omega Advisors Inc. boosted its position in shares of OneMain Holdings by 10.3% in the first quarter. Omega Advisors Inc. now owns 944,057 shares of the financial services provider’s stock valued at $23,460,000 after buying an additional 88,047 shares in the last quarter. 95.31% of the stock is owned by hedge funds and other institutional investors.
OneMain Holdings (OMF) opened at 27.09 on Friday. The firm’s 50 day moving average price is $25.86 and its 200 day moving average price is $24.81. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 29.10 and a beta of 2.85. OneMain Holdings has a 12 month low of $16.03 and a 12 month high of $32.28.
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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