$1.05 Earnings Per Share Expected for OneMain Holdings, Inc. (OMF) This Quarter
Brokerages predict that OneMain Holdings, Inc. (NYSE:OMF) will announce earnings of $1.05 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for OneMain’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $1.03. OneMain posted earnings per share of $0.80 in the same quarter last year, which suggests a positive year over year growth rate of 31.3%. The business is expected to announce its next quarterly earnings results on Monday, February 12th.
On average, analysts expect that OneMain will report full-year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.75. For the next fiscal year, analysts anticipate that the company will post earnings of $4.13 per share, with EPS estimates ranging from $4.00 to $4.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for OneMain.
OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.14). The firm had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share.
OneMain (OMF) traded up $0.28 during trading on Friday, hitting $26.09. 1,885,894 shares of the stock traded hands, compared to its average volume of 1,197,329. The firm has a market cap of $3,492.26, a price-to-earnings ratio of 7.87, a PEG ratio of 1.47 and a beta of 2.74. OneMain has a one year low of $20.14 and a one year high of $33.39.
In related news, Director Wesley R. Edens sold 10,000,000 shares of OneMain stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 57.73% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of OneMain by 7.9% during the 2nd 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 period. Vanguard Group Inc. boosted its holdings in OneMain by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after purchasing an additional 172,224 shares during the period. Dimensional Fund Advisors LP boosted its holdings in OneMain by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock valued at $53,231,000 after purchasing an additional 344,126 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in OneMain by 6.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock valued at $39,641,000 after purchasing an additional 102,652 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in OneMain by 5.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock valued at $37,043,000 after purchasing an additional 72,821 shares during the period. 95.25% of the stock is owned by institutional investors and hedge funds.
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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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