OneMain Holdings, Inc. (NYSE:OMF) – Analysts at Wedbush decreased their Q1 2018 EPS estimates for OneMain Holdings in a research note issued to investors on Wednesday. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings of $0.83 per share for the quarter, down from their previous forecast of $0.84. Wedbush also issued estimates for OneMain Holdings’ Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.34 EPS.

OneMain Holdings (NYSE:OMF) last posted 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 firm had revenue of $569.00 million for the quarter, compared to the consensus estimate of $631.92 million. During the same period in the prior year, the company earned $0.96 EPS.

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A number of other analysts also recently issued reports on the company. Barclays PLC set a $30.00 price target on OneMain Holdings and gave the company a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine upgraded OneMain Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Northland Securities reiterated a “hold” rating and set a $30.00 price target on shares of OneMain Holdings in a research report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $30.00 price target on shares of OneMain Holdings in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. OneMain Holdings has a consensus rating of “Hold” and an average price target of $29.53.

OneMain Holdings (OMF) traded down 0.87% during midday trading on Friday, reaching $28.62. 23,306 shares of the company traded hands. The firm has a 50-day moving average price of $27.44 and a 200-day moving average price of $25.25. OneMain Holdings has a one year low of $16.03 and a one year high of $31.70. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 30.74 and a beta of 2.84.

A number of large investors have recently added to or reduced their stakes in OMF. Nationwide Fund Advisors lifted its position in OneMain Holdings by 23.3% in the 1st quarter. Nationwide Fund Advisors now owns 9,986 shares of the financial services provider’s stock worth $248,000 after buying an additional 1,886 shares during the last quarter. Russell Investments Group Ltd. lifted its position in OneMain Holdings by 153.8% in the 1st quarter. Russell Investments Group Ltd. now owns 56,521 shares of the financial services provider’s stock worth $1,403,000 after buying an additional 34,247 shares during the last quarter. Wells Fargo & Company MN lifted its position in OneMain Holdings by 31.2% in the 1st quarter. Wells Fargo & Company MN now owns 40,532 shares of the financial services provider’s stock worth $1,007,000 after buying an additional 9,635 shares during the last quarter. Bank of New York Mellon Corp lifted its position in OneMain Holdings by 15.1% in the 1st quarter. Bank of New York Mellon Corp now owns 189,526 shares of the financial services provider’s stock worth $4,710,000 after buying an additional 24,803 shares during the last quarter. Finally, Comerica Bank bought a new stake in OneMain Holdings in the 1st quarter worth approximately $2,078,000. Institutional investors own 95.68% of the company’s stock.

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.

Earnings History and Estimates for OneMain Holdings (NYSE:OMF)

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