Zacks: Brokerages Anticipate OneMain Holdings Inc (OMF) Will Post Earnings of $1.05 Per Share

Wall Street brokerages expect OneMain Holdings Inc (NYSE:OMF) to post earnings of $1.05 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for OneMain’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.06. OneMain reported earnings of $0.80 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 31.3%. The firm is scheduled to report its next earnings results on Monday, February 12th.

According to Zacks, analysts expect that OneMain will report full year earnings of $3.52 per share for the current year, with EPS estimates ranging from $3.50 to $3.53. For the next financial year, analysts anticipate that the business will report earnings of $4.47 per share, with EPS estimates ranging from $3.94 to $5.00. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover OneMain.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). The company had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS.

Several brokerages have recently weighed in on OMF. JPMorgan Chase & Co. cut shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research note on Friday, January 12th. Jefferies Group reiterated a “buy” rating and set a $48.00 price target on shares of OneMain in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, January 4th. Finally, Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.00.

Shares of OneMain (NYSE OMF) traded up $0.10 during trading on Monday, hitting $33.10. 539,600 shares of the stock traded hands, compared to its average volume of 1,548,569. The stock has a market cap of $4,480.07, a PE ratio of 26.27, a PEG ratio of 1.48 and a beta of 2.72. OneMain has a 1-year low of $21.72 and a 1-year high of $35.11.

In related news, Director Wesley R. Edens sold 1,000,000 shares of OneMain stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Wesley R. Edens sold 10,000,000 shares of OneMain stock in a transaction on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,500,000 shares of company stock worth $474,250,000. 57.73% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in OneMain by 7.9% in the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock valued at $265,004,000 after acquiring an additional 789,858 shares during the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 172,224 shares during the last quarter. Dimensional Fund Advisors LP increased 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 acquiring an additional 344,126 shares during the last quarter. Brandywine Global Investment Management LLC increased 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 acquiring an additional 102,652 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased 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 acquiring an additional 72,821 shares during the last quarter. Institutional investors own 95.84% of the company’s stock.

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OneMain 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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