OneMain (OMF) Posts Earnings Results, Beats Estimates By $0.01 EPS

OneMain (NYSE:OMF) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01, Bloomberg Earnings reports. OneMain had a net margin of 4.85% and a return on equity of 14.15%. The company had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. During the same quarter in the prior year, the company posted $0.80 EPS. The business’s revenue was up 11.9% on a year-over-year basis.

Shares of OneMain (NYSE:OMF) traded up $1.91 during trading on Thursday, hitting $34.22. 291,905 shares of the company were exchanged, compared to its average volume of 1,017,490. The firm has a market cap of $4,289.23, a PE ratio of 9.66, a P/E/G ratio of 1.38 and a beta of 2.86. OneMain has a 1-year low of $22.04 and a 1-year high of $36.32.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Wednesday, January 31st. Jefferies Group restated a “buy” rating and issued a $48.00 price objective on shares of OneMain in a research note on Thursday, January 11th. Compass Point cut shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Friday, November 3rd. BMO Capital Markets increased their price objective on shares of OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Barclays restated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.62.

In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The disclosure for this sale can be found here. Company insiders own 57.73% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “OneMain (OMF) Posts Earnings Results, Beats Estimates By $0.01 EPS” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/15/onemain-omf-posts-earnings-results-beats-estimates-by-0-01-eps.html.

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.

Earnings History for OneMain (NYSE:OMF)

Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply