Equities analysts expect OneMain Holdings Inc (NYSE:OMF) to post sales of $743.08 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for OneMain’s earnings, with estimates ranging from $727.00 million to $754.00 million. OneMain reported sales of $685.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The company is scheduled to report its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that OneMain will report full year sales of $3.02 billion for the current year, with estimates ranging from $2.97 billion to $3.04 billion. For the next year, analysts expect that the business will post sales of $3.24 billion, with estimates ranging from $3.21 billion to $3.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for OneMain.
OneMain (NYSE:OMF) last issued its quarterly earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.05. OneMain had a net margin of 11.73% and a return on equity of 19.22%. The company had revenue of $720.00 million during the quarter, compared to the consensus estimate of $735.94 million. During the same period in the prior year, the company earned $1.18 EPS.
OMF has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Northland Securities initiated coverage on shares of Enphase Energy in a report on Wednesday, June 26th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $124.00 price target on shares of New Relic in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $39.25.
Shares of NYSE OMF opened at $34.14 on Friday. OneMain has a twelve month low of $22.47 and a twelve month high of $37.29. The firm has a market cap of $4.67 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 0.61 and a beta of 2.41. The firm has a 50-day simple moving average of $32.31.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 28th. This represents a $1.00 annualized dividend and a yield of 2.93%. OneMain’s payout ratio is presently 19.76%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. raised its holdings in OneMain by 36.5% during the 4th quarter. Nomura Holdings Inc. now owns 40,703 shares of the financial services provider’s stock worth $985,000 after buying an additional 10,894 shares during the period. Squarepoint Ops LLC raised its holdings in OneMain by 236.9% during the 4th quarter. Squarepoint Ops LLC now owns 92,317 shares of the financial services provider’s stock worth $2,242,000 after buying an additional 64,915 shares during the period. Marshall Wace North America L.P. acquired a new stake in OneMain during the 1st quarter worth about $3,604,000. D. E. Shaw & Co. Inc. raised its holdings in OneMain by 2,064.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 384,170 shares of the financial services provider’s stock worth $9,332,000 after buying an additional 366,417 shares during the period. Finally, Highland Capital Management LLC raised its holdings in OneMain by 42.3% during the 1st quarter. Highland Capital Management LLC now owns 60,581 shares of the financial services provider’s stock worth $1,923,000 after buying an additional 18,015 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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