OneMain Holdings, Inc. (OMF) Announces Earnings Results, Misses Estimates By $0.14 EPS
OneMain Holdings, Inc. (NYSE:OMF) released its earnings results on Wednesday. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14), Bloomberg Earnings reports. The firm had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. OneMain Holdings’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share.
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A number of research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price (up from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. ValuEngine lowered OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. 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. Northland Securities reaffirmed a “hold” rating and set a $30.00 target price on shares of OneMain Holdings in a report on Friday, August 4th. Finally, Barclays PLC set a $30.00 price target on OneMain Holdings and gave the stock a “hold” rating in a research note on Friday, August 4th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $30.76.
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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