$1.05 EPS Expected for OneMain Holdings Inc (OMF) This Quarter

Equities research analysts expect that OneMain Holdings Inc (NYSE:OMF) will announce earnings per share of $1.05 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for OneMain’s earnings. The highest EPS estimate is $1.06 and the lowest is $1.03. OneMain posted earnings per share of $0.80 in the same quarter last year, which indicates a positive year over year growth rate of 31.3%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 14th.

On average, analysts expect that OneMain will report full-year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.53. For the next financial year, analysts forecast that the company will report earnings of $4.58 per share, with EPS estimates ranging from $4.00 to $5.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow OneMain.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). The company 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% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, January 31st. Jefferies Group reaffirmed a “buy” rating and set a $48.00 price target on shares of OneMain in a research report on Thursday, January 11th. Compass Point lowered OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Friday, November 3rd. Barclays reissued a “hold” rating and set a $35.00 target price on shares of OneMain in a report on Wednesday, December 13th. Finally, BMO Capital Markets boosted their target price on OneMain from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $34.62.

OneMain (OMF) traded down $1.45 during trading hours on Thursday, hitting $30.03. The company’s stock had a trading volume of 355,352 shares, compared to its average volume of 1,056,140. The firm has a market cap of $4,140.00, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.39 and a beta of 2.86. OneMain has a 52-week low of $22.04 and a 52-week high of $35.11.

In related news, Director Wesley R. Edens sold 10,000,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,500,000 shares of company stock worth $474,250,000 over the last three months. 57.73% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Phocas Financial Corp. boosted its stake in OneMain by 4.5% in the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after purchasing an additional 8,330 shares during the period. Tributary Capital Management LLC bought a new stake in OneMain in the 3rd quarter valued at $1,068,000. Bank of New York Mellon Corp boosted its stake in OneMain by 5.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock valued at $5,471,000 after purchasing an additional 9,618 shares during the period. Prudential Financial Inc. bought a new stake in OneMain in the 3rd quarter valued at $583,000. Finally, HL Financial Services LLC boosted its stake in OneMain by 65.4% in the 3rd quarter. HL Financial Services LLC now owns 55,400 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 21,900 shares during the period. Institutional investors and hedge funds own 95.88% 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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