Zacks: Analysts Anticipate OneMain Holdings, Inc. (OMF) to Announce $1.04 Earnings Per Share
Wall Street analysts expect OneMain Holdings, Inc. (NYSE:OMF) to report earnings of $1.04 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for OneMain Holdings’ earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $1.01. OneMain Holdings reported earnings of $0.90 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The business is expected to report its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that OneMain Holdings will report full year earnings of $3.77 per share for the current fiscal year, with EPS estimates ranging from $3.66 to $3.83. For the next fiscal year, analysts forecast that the company will report earnings of $4.29 per share, with EPS estimates ranging from $4.13 to $4.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow OneMain Holdings.
OneMain Holdings (NYSE:OMF) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share 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 $569.00 million for the quarter, compared to analysts’ expectations of $631.92 million. During the same quarter in the previous year, the company earned $0.96 earnings per share.
A number of brokerages have recently issued reports on OMF. ValuEngine downgraded shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stephens raised shares of OneMain Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $29.00 to $35.00 in a research report on Wednesday, August 23rd. Jefferies Group LLC reissued a “buy” rating and set a $39.00 price objective (up previously from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. Northland Securities reissued a “hold” rating and set a $30.00 price objective on shares of OneMain Holdings in a research report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of OneMain Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.53.
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OneMain Holdings (NYSE:OMF) traded up 0.95% on Friday, reaching $27.54. 485,488 shares of the company traded hands. The firm has a 50 day moving average price of $26.97 and a 200 day moving average price of $25.14. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 29.58 and a beta of 2.85. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $32.28.
A number of hedge funds have recently made changes to their positions in the business. Phocas Financial Corp. lifted its stake in OneMain Holdings by 4.5% in the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock worth $4,733,000 after purchasing an additional 8,330 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in OneMain Holdings by 35.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 4,650 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in OneMain Holdings in the 2nd quarter worth $917,000. Cubist Systematic Strategies LLC purchased a new stake in OneMain Holdings in the 2nd quarter worth $132,000. Finally, Point72 Europe London LLP purchased a new stake in OneMain Holdings in the 2nd quarter worth $3,015,000. Institutional investors and hedge funds own 95.68% of the company’s stock.
About OneMain Holdings
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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